Financial information is presented here for two companies. Sales Sales returns Sales discounts Net sales Cost of goods sold Gross profit Operating expenses Income from operations Other revenue Other expenses Income before income tax Income tax Net income Arts Inc. $960,000 24,000 (a) 920,000 632,000 288,000 (b) 59,600 (c) 3,200 63,200 (d) 50,600 Cass Inc. $ (e) 18,000 12,000 834,000 (1) 250,200 214,600 (g) 4.300 1,800 (h) 7.400 30.700 Instructions (a) Fill in the missing amounts. SHOW your work. (8 marks) (b) Calculate the profit margin and the gross profit margin for each company. (4 marks)