Fill in the missing amounts. Blue Spruce Corp. Kingbird, Inc. Sales revenue $110,000 $ Sales returns and allowances 7,000 Net sales 104,000 126,000 Cost of goods sold 67,600 Gross profit 46,620 Operating expenses 16,640 Net income 26,460 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round answers to O decimal places, e.g. 15%.) Blue Spruce Corp. Kingbird, Inc. Profit margin Gross profit rate eTextbook and Media