In its income statement for the year ended December 31, 2017, Cullumber Company reported the following condensed data. Salaries and wages expenses $460,000 Loss on disposal of plant assets $ 84,000 Cost of goods sold 1,100,000 Sales revenue 2,350,000 Interest expense 67,000 Income tax expense 25,000 Interest revenue 71,000 Sales discounts Depreciation expense 315,000 Utilities expense 150,000 110,000 Prepare a multiple-step income statement. (List other revenues before other expenses.) CULLUMBER COMPANY Income Statement For the Month Ended December 31, 2017 5 : K K $ $ $ Calculate the profit margin and gross profit rate. (Round answers to O decimal places, e.g. 15%.) Profit margin Gross profit rate % %