Larkspur, Inc. operates a retail operation that purchases and sells snowmobles, among other outdoor products. The company purchases all inventory on credit and uses a periodic Inventory system. The Accounts Payable account is used for recording inventory purchases only, all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2020 through 2023, inclusive Calculate the missing amounts 2020 2021 2022 2023 395,000 (e) 574,000 (a) 24,640 24,400 69,350 52,360 00 62,700 Income Statement Data Sales revenue Cost of goods sold Grosset Operating expenses Net income Balance Sheet Data Inventory Accounts payable Additional Information Purchases of Inventory on account Cash payments to suppliers (1) $ 3,080 01 $14,400 . ON) $12.000 5,700 6,400 4,500 00 25,00 (9) 523,550 (d) ON 24,050 2022 2023 Compute the gross profit rate and the profit margin for each fiscal year. (Round answers to 1 decimal place, e.g. 15.5%.) 2021 Gross profit rate Profit margin % % % % % % Click if you would like to Show Work for this question: Open Show Work