Part B

Prepare a multiple-step income statement. (List other revenues before other expenses.) Depreciation Expense 341000 Utilities Expense 121000 Total Operating Expenses ther Revenues and Gains: Icome From Operations Interest Revenue 71500 ther Expenses and Losses Interest Expense 78100 Loss on Disposal of Piant Assets 71500 149600 icome Before Income Taxes 143550 Calculate the profit margin and gross profit rate. (Round answers to 0 decimal ploces, e.g. 15\%,) Profit margin Gross profit rate