Financial information is presented here for two companies.ArtsInc.Cass Inc.Sales $(a)$ 643,500Sales returns16,00014,000Sales discounts4,000(e)Net sales 614,000620,000Cost of goods sold (b)419,800Gross profit 190,000 200,200Operating expenses131,250(f)Income from operations(c)39,700Other revenue6,600(g)Other expenses4,2501,500Income before income tax(d)41,400Income tax15,700(h)Net income47,40035,800Instructions(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)