Financial information for two companies are presented below.

Financial information for two companies are presented below. Fill in the missing amounts. Sunland Company Blossom Company Sales revenue $97,000 Sales returns and allowances $ 3,000 Net sales 81,000 101,000 Cost of goods sold 55,000 Gross profit $ 47,000 Operating expenses 14,560 Net income $ 18,200 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Sunland Company Blossom Company Profit margin % % Gross profit rate % %