The adjusted trial balance of Sarasota Wholesale Inc. contained the following accounts at December 31, the companys year end:

Sarasota Wholesale INC. Adjusted Trial Balance December 31, 2021
		Debit		Credit
Cash		$11,200
Accounts receivable		20,600
Prepaid insurance		2,600
Inventory		103,800
Supplies		6,700
Land		129,300
Buildings		217,000
Accumulated depreciationbuildings				$92,900
Equipment		95,500
Accumulated depreciationequipment				34,400
Accounts payable				60,600
Deferred revenue				10,400
Refund liability				5,200
Income tax payable				3,300
Bank loan payable				98,600
Common shares				55,000
Retained earnings				106,740
Sales				1,092,900
Cost of goods sold		813,400
Administrative expenses		89,300
Selling expenses		41,800
Interest expense		12,700
Interest income				2,200
Income tax expense		18,500
		$1,562,400		$1,562,240

Calculate the profit margin and gross profit margin. (Round all amounts to 1 decimal place, e.g. 5.2%.) Gross profit margin 25.6

profit margin 11%

		I need /
		$

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 sales to increase by 15%. They estimate that gross profit will increase by $27,000, operating expenses by $13,500, and income tax expense by $2,700. 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 statement of income.)

Find Expected new gross profit and Expected net income amount