DUIDE FULL SCREEN PRINTER VERSION BACK NEXT Exercise 228 The adjusted trial balance of McCoy Company included the following selected accounts: Debit Credit Sales Revenue $645,000 Sales Returns and Allowances $50,000 Sales Discounts 9,500 Cost of Goods Sold 396,000 Freight-Out 2,000 Advertising Expense 15,000 Interest Expense 19,000 Salaries and Wages Expense 84,000 Utilities Expense 23,000 Depreciation Expense 3,500 Interest Revenue 25,000 Use the above information to prepare a multiple-step income statement for the year ended December 31, 2017. (List other revenues before other expenses.) MCCOY COMPANY Income Statement For the Year Ended December 31, 2017 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal places, e.g. 15.2%.) Profit margin Gross profit rate Question Attempts: 0 of 1 use