One size fits all casket co income statement for 2008 is as follows Sales$3,000,000 Cost of goods sold 2,100,000 Gross profit 900,000 Selling and administrative expense 450,000 Operating profit ..450,000 Interest expense .75,000 Income before taxes 375,000. Taxes (30%)...112,500 Income after taxes.$262,500 a. Compute the profit margin for 2008. b. Assume that in 2009 sales increase by 10 percent and cost of goods sold increases by 25 percent. The firm is able to keep all other expenses the same. Once again, assume a tax rate of 30 percent on income before taxes, what are income after taxes and the profit margin for 2009