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Presented below is information for Cullumber Co. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income

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Presented below is information for Cullumber Co. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense $221,800 7,600 14,600 63,800 4.900 Rent expense Sales discounts Sales returns and allowances Sales revenue Other comprehensive income (net of $400 tax) $33,200 8,100 20,000 398,500 2,000 Income Statement For the Month Ended January 31, 2022 Sales 398500 Sales Revenue Less Sales Returns and Allowances 20000 i 8100 i Sales Discounts 28100 Net Sales 370400 Cost of Goods Sold 221800 i Gross Profit 148600 Operating Expenses 63800 1 Salaries and Wages Expense Rent Expense 33200 Insurance Expense 14600 i Freight Out 7600 Total Operating Expenses 3 119200 119200 Income Before Income Taxes ncome Tax Expense Net Income /(Loss) $ Prepare a comprehensive income statement. CULLUMBER CO. Comprehensive Income Statement $ $ Ule margin and the gross profit rate. (Round answers to 1 decimal place, eg. 15.2%.) Profit margin % Gross profit rate %

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