need to know the revised net income, revised profit margin, and revised gross profit rate. thank you

Blossom Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. ounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Common Stock Cost of Goods Sold Freight-Out Equipment Depreciation Expense Dividends Gain on Disposal of Plant Assets Income Tax Expense Insurance Expense Interest Expense Inventory Notes Payable Prepaid Insurance Advertising Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Salaries and Wages Payable Sales Returns and Allowances Utilities Expense $13,400 8,600 34,000 4,000 17,500 304,980 3,150 79,730 6,700 6,000 1,000 5.000 4,500 2.500 13,100 21.750 16,750 17.000 7.100 59,440 452.000 3.000 10.000 5.300 hp The vice president of marketing and the director of human resources have developed a proposal whereby the company would compensate the sales force on a strictly commission basis. Given the increased incentive, they expect net sales to increase by 15%. As a result, they estimate that gross profit will increase by $20,553 and expenses by $28,067. Compute the expected new net income. (Hint: You do not need to prepare an income statement.) Then, compute the revision profit margin and gross profit rate. Comment on the effect that this plan would have on net income and on the ratios, and evaluate the merit of this proposal. (Ignore income tax effects.) Revised net income Revised profit margin (Round to 1 decimal place, es. 15.2%) Revised gross profit rate (Round to 1 decimal place, eg. 15.2%) e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook Sator 4, 2020,343 PM America New York