Current Attempt in Progress Presented below is information for Carla Vista Co. for the month of January 2025. Cost of goods sold $218,990 Rent expense $34,100 Freight-out 7,200 Sales discounts 8,000 Insurance expense 13,100 Sales returns and allowances 19,000 Salaries and wages expense 63,200 Sales revenue 386,000 Income tax expense 6,255 Prepare a multiple-step income statement CARLA VISTA CO. Income Statement Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, eg. 15.2%) Profit margin Gross profit rate eTextbook and Media List of Accounts