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Exercise 5-09 a-b In its income statement for the year ended December 31, 2022, Pharoah Company reported the following condensed data. Salaries and wages expenses $595,200 Loss on disposal of plant assets $106,880 Cost of goods sold 1,263,360 Sales revenue 2,828,800 Interest expense 85,200 Income tax expense 32,000 Interest revenue 83,200 Sales discounts 204,800 Depreciation expense 396,800 Utilities expense 140,800 Prepare a multiple-step income statement. (List other revenues before other expenses.) Pharoah Company Income Statement choose the accounting period Select an opening section name Enter an income statement item $Enter a dollar amount Enter a dollar amount Select between addition and deduction : Select an income statement item Select a closing section name $Enter a subtotal amount for this section Enter an account title Enter a dollar amount Select an account subtotal title Enter a subtotal amount for this section Select an opening section name Enter an account title Enter a dollar amount Enter an account title Enter a dollar amount Enter an account title Enter a dollar amount Select a closing section name Enter a total amount for this section Select an account subtotal title Enter a subtotal of the two previous sections Select an opening section name Enter an account title Enter a dollar amount Select an opening section name Enter an account title Enter a dollar amount Enter an account title Enter a dollar amount Enter a total amount for this section Select an account title Enter a dollar amount Enter an account title Enter a dollar amount Select a closing section name $Enter a total net income or loss amount Calculate the profit margin and gross profit rate. (Round answers to o decimal places, e.g. 15%.) Enter profit margin in percentages rounded to one decimal place Profit margin Gross profit Enter gross profit rate in percentages rounded to one decimal place rate % %