Presented below is information for Zales Company for the month of January 2010 Cost of goods $222,000 Rent expense $36,000 sold Sales discounts 8,000 13.000 Freight-out 7,000 Insurance 12,000 expense Salary expense 58,000 Sales returns and allowances Sales 390,000 Instructions (a) Prepare a multiple step income statement. (b) Calculate the profit margin ratio and the gross profit rate