Calculate the profit margin for 2017.

lomework Saved margin LO P3, A1, A2 [The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit Cash $ 146, 100 Accounts receivable 51, 500 Interest receivable 23, 000 Notes receivable (due in 90 days) 168, 500 Office supplies 15 ,500 Automobiles 166, 000 Accumulated depreciation-Automobiles $ 50, 060 Equipment 138, 090 Accumulated depreciation Equipment 24, 000 Land 83, 000 Accounts payable 94 , 000 Interest payable 50,000 Salaries payable 16,000 Unearned fees 32,000 Long-term notes payable 144, 090 R. Chiara, Capital 285, 800 R. Chiara, Withdrawals 56, 090 Fees earned 554,090 Interest earned 32,000 Depreciation expense Automobiles 25, 500 Depreciation expense-Equipment 19, 506 Salaries expense 185,000 Wages expense 46,000 Interest expense 32, 400 Office supplies expense 33, 200 Advertising expense 63,090 Repairs expense-Automobiles 29, 600 Totals $1, 281, 800 $1, 281, 800