Sales $ 4,338,860 Cost of goods sold 2,918,860 Gross profit 1,428,860 Expenses 1,275,860 Income $ 145,889 Garcia wants to achieve at least a 10% profit margin next year. Two alternative strategies are proposed. Strategy 1: Increase advertising expenses by $225,000. The company expects this to increase sales by $110,000. Cost of goods sold will not change. Strategy 2: Develop a more efcient manufacturing process. This will decrease cost of goods sold by $114,800. a. For each strategy, compute the profit margin expected for next year. b. Which strategy shouid Garcia choose based on expected prot margin? Complete this question by jentseril'lg youf_.a'n5wers in the labs below. Required 1 Required 2 For each strategy, compute-the prot margin expected for next year. (Round your answers to one decimal place.) Strategy '1 '3': Strategy 2 I I at