Attempts 1 of 3 used Attempts: 0 of 3 used Submit Armer (b) Calculate the profit margin and gross profit rate. (Round answers to O decimal places, eg 15%) 4 Profit margin % Gross profit rate % eTextbook and Media List of Accounts Save for Later 200AM 440002 Current Attempt in Progress In its income statement for the year ended December 31, 2022, Swifty Corporation reported the following condensed data. Salaries and wages expenses $381,300 Loss on disposal of plant assets $68,470 Cost of goods sold 809,340 Sales reve s revenue 1,812,200 Interest expense 58.220 Income tax expense 20,500 Interest revenue 53,300 Sales discounts 131,200 Utilities expense 90,200 Depreciation expense 254,200 (a)