The adjusted trial balance of Club Canada Wholesale Inc. contained the following accounts at December 31, the company's year end: CLUB CANADA WHOLESALE INC. Adjusted Trial Balance December 31, 2018 Debit Credit Cash $12,800 Accounts receivable 20,700 Prepaid insurance 2,200 Inventory 103,900 Supplies 6,200 Land 129,300 Buildings 218,800 Accumulated depreciation-buildings $92,900 Equipment $94,500 Accumulated depreciation equipment 33,200 Accounts payable 60,700 Unearned revenue 9,700 Income tax payable 3,300 Bank loan payable 97,300 Common shares 47,000 Retained earnings 132,500 Sales 1,106,000 Sales returns and allowances 22,700 Sales discounts 15,600 Cost of goods sold 799,200 Administrative expenses 89,400 Selling expenses 38,900 Interest expense 13,400 Interest revenue 2,300 Income tax expense 17,300 $1,584,900 $1,584,900 Calculate the profit margin and gross profit margin. (Round all amounts to 1 decimal place, e.g. 5.2.) Gross profit margin % Profit margin % The vice-president of marketing and director of human resources have proposed that the company change its compensation of the sales force to a commission basis rather than paying a fixed salary. Given the extra incentive, they expect net sales to increase by 15%. They estimate that gross profit will increase by $26,500, operating expenses by $12,600, and income tax expense by $3,000. Non-operating expense is not expected to change. Calculate the expected new gross profit and net income amounts. (Hint: You do not need to prepare a formal income statement.) (Round answers to the nearest whole dollar, e.g. 5,275.) Expected new gross profit $ Expected net income amount $ Calculate the revised gross profit margin and profit margin. (Round all amounts to 1 decimal place, e.g. 5.2.) Revised gross profit margin % Revised profit margin %