Presented below is information for Sandhill Co. for the month of January 2017. $209,200 Rent expense $33,900 Cost of goods sold 9,000 Sales discounts 8,400 Freight-out 12,900 Sales returns and allowances 18,300 Insurance expense Salaries and wages expense 60,900 Sales revenue 396,000 4,700 Other comprehensive income (net of $400 tax) 2,000 Income tax expense Prepare an income statement using the multi-step format. SANDHILL co. Income Statement Prepare a comprehensive income statement. SANDHILL co. Comprehensive Income Statement Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, e.g. 15.2%.) Profit margin % Gross profit rate