Presented below is information for Crane Company for the month of January 2022. CRANE COMPANY Income Statement For the Month Ended January 31, 2022 Total Revenues Sales Revenue Less v/: Sales Returns and Alowances \( \$ \longdiv { 1 1 0 0 0 } \) Sales Discounts Rent Expense Insurance Expense Freight.Out Total Operating Expenses Net income / (Loss) Calculate the profit margin and the gross profit rate. (Round onswers to 2 decimol ploces, eg. 15.25.) Profitmargin Gross profit rate