McCoy Company's adjusted trial balance included the following selected accounts:

		Debit		Credit
sales revenue				$645,000
Sales returns and benefits		$50,000
sales discounts		9,500
cost of goods sold		396,000
Freight rate		2,000
advertising expenses		15,000
Interest expenses		19,000
Wages and salaries expense		84,000
Public service spending		23,000
depreciation expense		3500
The return on an investment				25,000

Use the above information to prepare a multi-step income statement for the year ended December 31, 2017. (Indicate other income before other expenses.)

Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, for example, 15.2%).