The adjusted trial balance of Club Canada Wholesale Inc. contained the following accounts at December 31, the company's year end: Credit $93,700 CLUB CANADA WHOLESALE INC. Adjusted Trial Balance December 31, 2018 Debit Cash $12,900 Accounts receivable 17,900 Prepaid insurance 2,200 Inventory 103,900 Supplies 5,800 Land 128,500 Buildings 220,300 Accumulated depreciation-buildings Equipment $95,800 Accumulated depreciation-equipment Accounts payable Unearned revenue Income tax payable Bank loan payable Common shares Retained earnings Sales Sales returns and allowances 22,800 Sales discounts 14,400 Cost of goods sold 807,500 Administrative expenses 89,400 Selling expenses 42,300 Interest expense 12,600 33,300 61,500 9,100 3,300 98,700 55,000 146,100 1,091,700 Interest expense Interest revenue Income tax expense 12,600 2,400 18,500 $1,594,800 $1,594,800 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 $25,700, operating expenses by $12,600, and income tax expense by $2,800. 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 %