The adjusted trial balance of Cullumber Company included the following selected accounts: Debit Credit Sales Revenue $ 642,000 Sales Returns and Allowances $ 59,000 Sales Discounts 9,700 Cost of Goods Sold 409,000 Freight-Out 2,300 Advertising Expense 19,300 Interest Expense 24,900 Salaries and Wages Expense 87,000 Utilities Expense 23,000 Depreciation Expense 3,600 Interest Revenue 27,000 Use the above information to prepare a multiple-step income statement for the year ended December 31, 2022. (List other revenues before other expenses.) CULLUMBER COMPANY Income Statement $ $ $ $ Calculate the profit margin and gross profit rate. (Round answers to 1 decimal places, e.g. 15.2%.) Profit margin % Gross profit rate %