The f This question is the first of a four-part question that uses the same income statement information. This question is part A and the next three questions comprise parts B, C and D, respectively. The income statement is reproduced in parts B and C for ease of reference. Following are extracted from the financial statements of Frem, Inc., for 2019 and 2018: Fo Net sales Cost of sales Selling and administrative expenses Other income: Interest Other Earnings before tax and extraordinary credit Provision for income tax Earnings before extraordinary credit Extraordinary credit Net Income Total assets Long-term debt Common equity Preferred stock Preferred dividends 2019 $233,000 (124,000) (95,000) (3,700) 100 $ 10,400 (4,800) 5,600 $ 5,600 $202,000 24,600 123,000 4,000 280 A) Compute Frem's net profit margin for 2019 and 2018 (show your work) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 2018 $204,000 (110,000) (81,500) (3,050) 1,175 $ 10,625 (4,740) 5,885 $ 5,885 $173,000 17,400 116,800 4,000 280