You have been provided with the following account balances for Webber Ltd. for the years ended November 30, 2020, and 2021: 2021 2020 Advertising expense $ 310,000 $ 277,000 Cost of goods sold 1,752,800 1,417,290 General and administrative expenses 113,000 105,000 Income tax expense 83,000 103,000 Interest revenue 5,400 6,600 Rent expense 34,000 28,200 Sales revenue 3,130,000 2,779,000 Utilities expense 86,000 78,100 Wages expense 505,000 395,000 Prepare a multi-step, comparative statement of income for Webber for 2020 and 2021. Webber Ltd Statement of Income For Years Ended November 30 2021 2020 Sales Revenue $ 3130000 $ 2779000 Cost of Goods Sold 1752800 i 1417290 i Gross Margin 1377200 1361710 Operating Expenses Advertising Expense 310000 i 277000 i General and Administrative Expenses 113000 i 105000 i Rent Expense 34000 i 28200 Utilities Expense 86000 i 78100 i Wages Expense 505000 i 395000 Total Operating Expenses 1048000 883300 Profit from Operations Operating Expenses Interest Revenue 5400 6600 Profit before Income Tax Income Tax Expense 83000 Po i 103000 Po Net Income $ * Your answer is incorrect. Determine Webber's gross margin percentage for each year. Gross profit percentage 2021 % Gross profit percentage 2020 % In which year was Webber more successful in this area? Webber was more successful in e Textbook and Media List of Accounts