percentages S-27 The December 31, 2014 income statement accounts and other information of Lyon's Hardware are shown below Advertising expense Depreciation expense: store equipmens Depreciation expense: building (store) Depreciation expense: office equipment Depreciation expense: building (office) Interest revenale Interest expense Cost of goods sold Insurance expense Sales (net) Office supplies expense Store supplies expense Sales salaries expense Office salaries expense Ucilities expense (store) Utilities expense (office) $ 4,300 1,600 3,700 2,300 1,100 1,700 900 63,900 350 102,000 480 800 5% of net sales 2,600 1,500 400 Requiredt (1) Prepare a classifled 2014 income statement for Lyon's Hardware. (2) Compute the profit margin for 2014. If the profit margin for 2013 was 12.5%, what can be said about the 2014 results