Dr Zhivago Diagnostics Corp's income statement for 20X1is as follows. $ Sales Cost of goods sold Gross profit Selling and administrative expense Operating profit Interest expense Tncome before taxes Taxes (30%) Income after taxes 2, 190, 1.400, 999,00 352,00 638, cee $ 55,300 175, 590 109,719 $ a. Compute the profit margin for 20X1. (input the profit margin as a percent rounded to 2 decimal places.) Answer is complete and correct. Profit margin 1714 b. Assume that in 20X2 sales increase by 10 percent and cost of goods sold increases by 20 percent The firm is able to keep all other expenses the same. Assume a tax rate of 30 percent on income before tnxerWhat is income after taxes and the profit margin for 20X2' (Input the profit margin as a percent rounded to 2 decimal places) Answer is complete but not entirely correct. $ Income after taxes Profit margin 20x2 368 710 % 14.00 X