Multiple-Step Income Statement and Profit Margin

The following income statement items, arranged in alphabetical order, are taken from the records of Shaw Corporation for the current year:

Advertising expense	$1,567		Interest expense	$1,317
Commissions expense	2,403		Interest revenue	1,433
Cost of goods sold	29,256		Rent revenue	6,891
Depreciation expense - office building	3,088		Salaries and wages expenseoffice	11,627
Income tax expense	1,521		Sales revenue	48,057
Insurance expense - salespersons auto	2,299		Supplies expenseoffice	875

1. 1. Prepare a multiple-step income statement for the current year. and Compute Shaw's profit margin. Round your answer to one decimal place.