Current Attempt in Progress Presented below is information for Zhan Company for the month of January 2017 Cost of goods sold $280,000 Rent expense $35,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 13,000 Salaries and wages expense 42,000 Sales revenue 421,000 (a) Assignment Question 7 of 7 .../10 2000 12.000 Freight-Out losurance Expense Rent Expense Total Operating Experies 35.000 95.000 24,000 Net Income Attempts: 1 of 1 used (6) Calculate the profit margin and the gross profitrate, Round answers to 2 decimal places, eg: 15.75.) Profit margin Geosprot rate Attempts of 1 used Submit Anne