The adjusted trial balance of McCoy Company included the following selected accounts:

		Debit		Credit
Sales Revenue				$645,000
Sales Returns and Allowances		$50,000
Sales Discounts		9,500
Cost of Goods Sold		396,000
Freight-Out		2,000
Advertising Expense		15,000
Interest Expense		19,000
Salaries and Wages Expense		84,000
Utilities Expense		23,000
Depreciation Expense		3,500
Interest Revenue				25,000

Use the above information to prepare a multiple-step income statement for the year ended December 31, 2017. (List other revenues before other expenses.)

Calculate the profit margin and gross profit rate. (Round answers to 1 decimal places, e.g. 15.2%.)