NEEDING:

Revised net income		$enter revised net income in dollars
Revised profit margin (Round to 1 decimal place, e.g. 15.2%)		enter Revised profit margin in percentages rounded to 1 decimal place	%
Revised gross profit rate (Round to 1 decimal place, e.g. 15.2%)

Crane Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the companys fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.

Accounts Payable		$ 73,200
Accounts Receivable		47,700
Accumulated DepreciationEquipment		190,400
Cash		22,400
Common Stock		98,000
Cost of Goods Sold		1,707,750
Freight-Out		18,230
Equipment		445,100
Depreciation Expense		38,900
Dividends		33,600
Gain on Disposal of Plant Assets		5,600
Income Tax Expense		28,000
Insurance Expense		25,200
Interest Expense		14,000
Inventory		72,900
Notes Payable		121,800
Prepaid Insurance		16,800
Advertising Expense		93,800
Rent Expense		95,200
Retained Earnings		39,300
Salaries and Wages Expense		332,220
Sales Revenue		2,531,000
Salaries and Wages Payable		16,800
Sales Returns and Allowances		56,000
Utilities Expense		28,300

Additional data: Notes payable are due in 2026.