qua:- lIUI'I :- Needs Grading Dr. Skellyr Diagnostics Corp. income statements for 2013 are as follows: Sales $1190.00 lCostofgootis sold 1.100.000 lErossprot 1,000.00 0 Selling and administrative expense... .. 302.000 Operating" prot... .. 690.000 interest expense" ... 54000 Incomehefore taxes 643.200 Taxes i30%l.. 102.060 lncomeafter taxes $450,240 :1. Compute the prot margin for 2013. 0. Assume in 2014, sales increase by 10 percent and cost of goods sold increases by 20 percent. The rm is able to keep all o'ier expenses the same. Once again, assume a tax rate of 30 percent on income before taxes. What is income after taxes and the prot margin for 2014