Presented below is Information for Blossom Co. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense 5202,200 6,400 12.500 64,000 5.100 Rent expense Sales discounts Sales re returns and allowances Sales revenue Other comprehensive Income Inet of $400 tax) $33,600 8,100 17,600 395,500 2,000 Prepare an Income statement using the multiple-step format. BLOSSOM CO. Income Statement V e Textbook and Media List of Accounts Prepare a comprehensive Income statement. BLOSSOM CO. Comprehensive Income Statement V $ $ e Textbook and Media List of Accounts Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, eg. 15.2%.) Profit margin Gross profit rate