The following information is available for Labrador Ltd. for calendar 2022: Cost of goods sold............ 1,190,000 Income tax expense.... 9,000 Interest expense........... 30,000 Interest income........ 38,000 Operating expenses........ 194,000 Sales.............. $1,406,000 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. You are to complete the questions above on appropriate separate document(s). Acceptable formats include: word document, excel documents, documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or 'drag and drop the file(s) into the upload box at the bottom of this question box. 7 " B I IEE % $ ! Maximum size for new files: 32MB