Question 4 In its income statement for the year ended December 31, 2017, Cullumber Company reported the following condensed data. 0 $ 187,875 Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense 2,220,750 159,750 146,250 697,500 Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts Utilities expense 4,972,500 56,250 360,000 247,500 Prepare a multiple-step income statement. (List other revenues before other expenses.) CULLUMBER COMPANY Income Statement Calculate the profit margin and gross profit rate. (Round answer to 1 decimal place, e.g. 15.2%.) Profit margin Gross profit rate