Please provide a written out by hand solution for the above example.

1.15) The following information is available for Wagner Corporation for the current year. How much is the Profit Margin? EA ST SIDE CONTRACT OR S INCOME STA TEMENT REVENUE 2,225,379 CONSTRUCTION COST 41 4,840 584,783 932.250 88,508 2,761 1,983, 140 Materials Labor Subcontract Equip ment Other Total Construction Costs 242,239 GROSS PROFIT 207,805 OVERHEAD NET PROFIT FROM OPERATIONS 34,434 OTHER INCOME AND EXPENSE 7,813 PROFIT BEFORE TAX 42,247 INCO ME TAX 7,774 34,473 PROFIT AFTER TAX a. 1.5% b. 10.5% c. 10.9% d. 14.2%