Larkspur, Inc. reported the following in its 2022 and 2021 income statements. 2022 2021 Net sales $260,000 $200,000 Cost of goods sold 150,800 116,000 Operating expenses 75,220 42,400 Income tax expense 15,000 5,000 Net income $ 18,980 $36,600 Determine the company's gross profit rate and profit margin for both years. (Round profit margin answers to 1 decimal place, eg. 52.7.) Gross profit rate Profit margin 2022 2021 % %