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Accounting

need help with this problem right here. Thanks in advance! image
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The adjusted trial balance of Ivanhoe Company included the following selected accounts: Debit Credit Sales Revenue $631,000 Sales Returns and Allowances $55,000 9,500 Sales Discounts Cost of Goods Sold 408,000 Freight-Out 2,000 Advertising Expense 16,600 Interest Expense 21,100 Salaries and Wages Expense 82,000 Utilities Expense 23,000 Depreciation Expense 3,200 Interest Revenue 26,000 Use the above information to prepare a multiple-step income statement for the year ended December 31, 2022. (List other revenues before other expenses.) IVANHOE COMPANY Income Statement Calculate the profit margin and gross profit rate. (Round answers to 1 decimal places, e.g. 15.2%.) Profit margin Gross profit rate

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