The following selected information for the year ended October 31, 2022 is for Trotman Inc.: Advertising expense 81,500 Purchases returns and allowances 40,000 Freight In 20,000 Rent expense 24,000 Freight Out 26,000 Salaries expense 285,500 Income tax expense 52,620 Sales 1,412,000 Inventory, November 1, 2021 90,000 Utilities expense 13,200 Inventory, October 31, 2022 51,600 Purchases 800,000 Purchase discounts 12,000 Instructions (a) Prepare a multiple-step statement of income for Trotman Inc. for the year ended October 31, 2022. (b) Calculate the gross profit margin and profit margin for the year