Exercise 5-09 a-b (Part Level Submission) In its income statement for the year ended December 31, 2022, Marigold Corp. reported the following condensed data. Salaries and wages expenses $390,600 Loss on disposal of plant assets $70,140 Cost of goods sold 829,080 Sales revenue 1,856,400 Interest expense 59,640 Income tax expense 21,000 Interest revenue 54,600 Sales discounts 134,400 Depreciation expense 260,400 Utilities expense 92,400 (b) Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 15%.) Profit margin % Gross profit rate % Click if you would like to Show Work for this question: Open Show Work