In it's income statement for the year ended December 31, 2022, whispering winds corp. reported the following condensed data.

In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Salaries and wages expenses $455,700 Loss on disposal of plant assets $81,830 Cost of goods sold 967,260 Sales revenue 2,165,800 Interest expense 69,580 Income tax expense 24,500 Interest revenue 63.700 Sales discounts 156,800 Depreciation expense 310,000 Utilities expense 107,800 Prepare a multiple-step income statement. (List other revenues before other expenses.) Whispering Winds Corp. Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue 2.165,800 Less : Sales Discounts Net Sales V Cost of Goods Sold Gross Profit > Operating Expenses Salaries and Wages Expense Utilities Expense Depreciation Expense Total Operating Expenses Income From Operations Other Revenues and Gains Interest Revenue Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets Income Before Income Taxes Income Tax Expense Net Income /(Loss) Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, eg. 15%.) Profit margin % Gross profit rate %