Exercise 5-09 a-b In its income statement for the year ended December 31, 2022, Blue Spruce Corp. reported the following condensed data. Salaries and wages expenses $558,000 Loss on disposal of plant assets $100,200 Cost of goods sold 1,184,400 Sales revenue 2,652,000 Interest expense 85,200 Income tax expense 30,000 Interest revenue 78,000 Sales discounts 192,000 Depreciation expense 372,000 Utilities expense 132,000 Prepare a multiple-step income statement. (List other revenues before other expenses.) Blue Spruce Corp. Income Statement >> > rrent FFL Copy NEW.jpg OFFL Copy (1) - FFL Copying arch C 0 Help System Announcements CES > dy v Calculate the profit margin and gross profit rate. (Round answers to decimal places, e.g. 15%.) Profit margin 96 Gross profit rate 95 Click if you would like to Show Work for this question: Qeen Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Orrent FFL Copy NEW FFL Copy.jpg FFL Copying earch