Use the following information to answer the next six questions: All batces are as of 12/31/2019 unless specified otherwise. Loss on the sale of Equipment 62,250 Interest Expense Short Term Investments (MES) 1,500 Inventory Retained Earnings, 1/1/19 281,000 Gain on Sale of Equipment Goodwill 50,000 Cost of Goods Sold Common Stock ??? Notes Payable 5/1/20 Cash 70,000 Sales Revenue Accumulated Depreciation 50,000 Dividends Notes Payable, due 12/31/21 104,500 Prepaid Expenses Furniture 83,000 Salaries Payable Equipment 372,500 Accounts Receivable Salary Expense 43,000 Accounts Payable 48,750 97,500 27,500 204,000 12,500 447,500 10,000 2,500 28,000 42,000 36,000 10. Determine the Profit Margin for the year ended December 31, 2019. A. 26% B. 37% C. 54% D. 382% E. $243,500