Everything in red is incorrect, please help!!

Exercise 5-6

Presented below is information for Lieu Co. for the month of January 2017.

Cost of goods sold		$212,000		Rent expense		$32,000
Freight-out		7,000		Sales discounts		8,000
Insurance expense		12,000		Sales returns and allowances		20,000
Salaries and wages expense		60,000		Sales revenue		370,000
Income tax expense		5,000		Other comprehensive income (net of $400 tax)		2,000

Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, e.g. 15.2%.)

? C ii Seoure https:/.edugen.wierplus.com.eduqen/t/manuni I, Accounting, Gc Exercise 5-6 Presented below is information for Licu Co. for the morth of Jonuary 2017 Cozt ot goods scld Freight-out salaries nd rasges expense ?u.uou sales revenue Income tx xpenee Chapter S Accapinent for Class Meeting 212,000 Rent cxpec $32,000 Brcbiam 5.34 Reviow Score obiertive 7,n0n Salas discounts 20,300 370,000 5,000 Other comprchanlc Inccma net ot $40o tax 2,000 Yaur answer is partially carrect. Try again Prepare a income statement using the multi-step furrnat 370000 Sales Discounts ross Prot ?lype here to search