B C D E F G (10 points) 1 Chapter 5 2 In its income statement for the year ended December 31, 2021, Darren Company reported the 3 following condensed data. 5 Salaries and wages expense 6 Cost of goods sold 7 Interest expense 8 Interest revenue 9 Depreciation expense 10 Sales returns & allowances 11 12 Instructions: 13 (a) Prepare a multi-step income statement. 14 (b) Calculate the profit margin and gross profit rate. $415,000 Loss on disposal of plant assets $64,800 1,037,000 Sales revenue 4,100,000 52,000 Income tax expense 32,000 85,000 Sales discounts 200,000 420,000 Utilities expense 205,000 750,000 15 16 NOTE: Using formulas whenever possible, fill in all highlighted cells below. 17