Presented below is information for Crane Company for the month of January 2017 Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense $217,400 Rent expense 7,500 Sales discounts 13,800 Sales returns and allowances 61,400 Sales revenue 5,200 Other comprehensive income (net of $400 tax) $34,200 9.200 17.700 390,000 2,000 Prepare an income statement using the multi-step format. CRANE COMPANY Income Statement 5 . > OSAT Part 2 Prepare a comprehensive income statement. CRANE COMPANY Comprehensive Income Statement For the Year Ended January 31, 2017 January 31, 2017 For the Month Ended January 31, 2017 $ Part 3 Calculate the profit margin and the gross proftrate. (Round answers to 1 decimal place, e.g. 15.2%) Profit margin 96 Gross profit rate %