In 2018, Grouper Corporation reported net sales of $226,300, cost of goods sold of $143,900, operating expenses of $52,400, and income tax expense of $20,900. In 2017, it reported net sales of $212,300,cost of goods sold of $108,300. operating expenses of $39,100, other revenues of $10,000, and income tax expense of $13,800. Calculate the gross profit and net income for each year. 2018 2017 Gross profit $ $ Net income $ $ Calculate the gross proht margin and profit margin for each year. (Round answers to 1 decimal place, eg, 5.2%) 2018 2017 % Gross profit margin 9 Profit margin % Activate Windows Income statement information is presented here for two companies: Calculate the missing amounts. Ayayai Ltd. Whispering Winds Ltd. $1,446,000 $ Sales 10,000 52,200 2.144,000 Sales returns and allowances Net sales Cost of goods sold Gross profit 655,000 1,180,000 579,000 312.000 Operating expenses Income from operations Other revenues Other expenses Income before income tax 0 4,000 0 4,100 42.300 Income tax expense 252.900 Net income Calculate the gross profit margin and profit margin for each company. (Round all amounts to 1 decimal place, eg. 5.2) Whispering Winds Ayayai % Gross profit margin % se % Profit margin