Problem 5-08A Windsor, Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2020 through 2023, inclusive. Calculate the missing amounts. 2021 2022 2023 $91,000 $ (a) 24,000 51,000 (e) $70,000 23,800 64,610 60,060 (f) 44,800 2020 Income Statement Data Sales revenue Cost of goods sold Gross profit Operating expenses Net income Balance Sheet Data Inventory $12,400 Accounts payable 5,500 Additional Information Purchases of inventory on account Cash payments to suppliers $ (b) $ 3,000 00 $ ) $ 6,200 (C) $13,800 4,300 $ (k) (1) 24,390 (9) $22,550 (h) 23,050 (d) LINK TO TEXT Compute the gross profit rate and the profit margin for each fiscal year. (Round answers to 1 decimal place, e.g. 15.5%.) 2021 2022 2023 Gross profit rate % % % Profit margin % % % Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT