The adjusted trial balance of Sandhu Corporation at December 31, 2022 included the following selected accounts: Debit Credit ...... Advertising expense................................................ $ 15,000 ...... Cost of goods sold..................................................... 347,000 ...... Depreciation expense.................................................... 3,296 ...... Freight out..................................................................... 2,000 ...... Income tax expense.................................................... 32,000 ...... Interest expense.......................................................... 19,000 ...... Interest income.................................................... .................. $15,000 ...... Sales revenue......................................................................... 509,500 ...... Salaries expense................................................. ....... 45,000 ...... Utilities expense.................................................. ....... 18,000 Instructions (a) Use the above information to prepare a multiple-step statement of income for the year ended December 31, 2022. (b) Calculate the gross profit margin and the profit margin for 2022.