*Exercise 5-8 In its income statement for the year ended December 31, 2017, Darren Company reported the following condensed data Salaries and wages expenses Cost of goods sold $465,000 Loss on disposal of plant assets 83,500 987,000 Sales revenue 2,210,000 71,000 Income tax expense Interest expense 25,000 160,000 110,000 65,000 Sales discounts Interest revenue Depreciation expense 310,000 Utilities expense Prepare a multiple-step income statement. (List other revenues before other expenses.) Calculate the profit margin and gross profit rate. (Round answer to 1 decimal place, eg, 15.2%.) Profit margin Gross profit rate 9% Question Attempts: Un