Question #$2$The following information is available for Walnut Creek Audio and Video Company for the month of August $31,2023$:Sales revenue$$206,890$Rent expense $3,350$ Salaries and wages expense $4,740$ Advertising expense $2,000$ Insurance expense $600$ Sales returns and allowances $1,765$Cost of goods sold $99,445$ Supplies expense $150$Interest expense $110$Dividend revenue $225$Instructions$1.$Use the above information to prepare a multiple$-$step income statement in good form with proper headings and date$\mathrm{.}2.$Compute both the gross profit margin and also the profit margin.Note: Income Tax Rate is $40\%$