VIRTUAL GAMING SYSTEMS Income statement For the year ended December 31, 2021 net sales $3,051,000 cost of goods sold 1,953,000 Gross profit 1,098,000 Expenses: Operating expenses 5861,000 Depreciation expense 27,000 Loss on sale of land 8,300 Interest expense 16,500 Income tax expense 51,00 Total expenses 963,800 Piet income $ 134,200 VIRTUAL GAMING SYSTEMS Balance sheets December 31 2021 2020 $199.00 84.000 108.000 12,00 $147.000 53,000 138,000 6,360 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and stockholders' Equity 100.000 213,000 223,000 (2000) 5915,100 243,000 213,000 (5000) $765, 100 Liabilities and Stockholders' Equity Current abilities Accounts payable Land Equipment Lesst Accumulated depreciation Total assets Liabilities and Stockholders Equity LAR 213,000 273,000 22,00) $915,300 243,000 213,000 45.00) $765,360 117,200 Liabilities and stockholders Equity Current liabilities Accounts payable Interest payable Income tax payable long-term liabilit hotes payable Stockholdersuty Con stock Retained ang Total lisbilities and stockholders' equity $ 69,000 6.600 16,500 14,100 280,000 103,000 212.2002 3915,00 228.000 103, $765, 10 Earnings per shere for the year ended December 31 2021 are 51:30 The closing stock price on December 31, 2021 is $2760 Required: Calculate the following profitability ratios for 2021. Round your answers to 1 decimal place) Profitability Ratios Gross proftratio 2. Remonts Profit margin 4 Asset bumover 6. Return on equity tienes