Funition: IF; Formula: Add, Subtract, Divide; Cell Referencing Using Excel to Determine Statement of Income Amounts and Profitability Ratios PROBLEM In 2024 and 2023, Tucker Corporation reported the following amounts. \begin{tabular}{lrr} \cline { 2 - 3 } & \multicolumn{1}{c}{2024} & \multicolumn{1}{c}{2023} \\ \hline Sales & $250,000 & $200,000 \\ Cost of goods sold & 137,500 & 114,000 \\ Operating expenses & 50,000 & 40,000 \\ Other income & & 10,000 \\ Income tax expense & 20,000 & 15,000 \end{tabular} Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or the work area as indicated. a. Calculate the gross profit and net income for each year. \begin{tabular}{|l|l|} \hline a. Calculate the gross profit and net income for each year. \\ \hline Gross profit \\ \hline Net income \\ \hline \end{tabular} b. Calculate the gross profit margin and profit margin for each year. b. Calculate the gross profit margin and profit margin for each year. Gross profit margin Profit margin c. Comment on Tucker's changing profitability. Tucker Corporation's gross profit margin in 2024 because In 2024, the company's profit margin Operating expenses in 2024