q6 answer only part b.

Question 6 of 9 112 til Show Attempt History Current Attempt in Progress In its income statement for the year ended December 31, 2022. Metlock, Inc. reported the following condensed data $455.700 Loss on disposal of plant assets $80,160 Salaries and wages expenses Cost of goods sold Interest expense 947.520 Sales revenue 2.121,600 68,160 Income tax expense 24,000 Interest revenue 62.400 Sales discounts 153,600 Depreciation expense 297,600 Utilities expense 105,600 ta 1/2 Metlock, Inc. Income Statement For the Year Ended December 31, 2022 Sales Sales Raven 21 Less Sales Discounts 153000 i Net Sales 2 Cast of Goods Sold Gross Profit Operating Expenses 557001 Salaries and Wages Expo 0500 i 1/2 Total Operating Income From Oper Other Item Any Other Experies and to Income Before Income Tax Attempts: 4 of 5 use (b) Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, e-g. 15%.) Profit margin % Gross profit rate 96 e Textbook and Media List of Accounts