Please show work for the Gross profit Rate answer

Tamarisk, Inc. Income Statement For the Year Ended December 31, 2022 Revenue $ 2,386,800 Sales Discounts 172,800 i ales $ 2214000 Goods Sold 1,065,960 i Profit 1148040 ting Expenses ies and Wages Expense 502,200 i ries Expense 118,800 i eciation Expense 334,800 i Operating Expenses 955800 i e From Operations 192240 ies and Wages Expense 502,200 i ries Expense 118.800 i eciation Expense 334,800 i Operating Expenses 955800 e From Operations 192240 Revenues and Gains est Revenue 70.200 Expenses and Losses est Expense 76,680 i on Disposal of Plant Assets 90,180 166860 e Before Income Taxes 95580 Tax Expense 27,000 i come /(Loss) $ 68580 Your Answer Correct Answer (Used) Your answer is partially correct. Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 15%.) Profit margin 3 % Gross profit rate 47 % e Textbook and Media Solution List of Accounts Save for Later Attempts: 3 of 5 used Submit