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 December 31, Cash Accounts receivable Prepaid insurance Inventory Supplies Land Buildings Accumulated depreciation-buildings Income tax payable Bank loan payable Common shares Retained earnings Sales Sales returns and allowances Sales discounts Cost of goods sold Administrative exper Selling expenses Interest expense Interest revenue 2,700 Income tax expense 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 $28,000, operating expenses by $13,800, and income tax expense by $2,900. 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