The following information is available for the Danville Saddle and Tack Company: Sales revenue $618,000 Sales returns and allowances 20,000 Cost of goods sold 398,000 Operating expenses 114,000 Interest expense 19,000 Interest revenue 20,000 Instructions 1. Use the above information to prepare a multiple-step income statement in good form with proper headings and date, for the year ended December 31, 2019. 2. Compute both the gross profit margin and also the profit margin. Note: Income Tax Rate is 25%.