Exercise 5-09 a-b In its income statement for the year ended December 31, 2022, Cullumber Company reported the following condensed data. Salaries and wages expenses $381,300 Loss on disposal of plant assets $66,800 Cost of goods sold 789,600 Sales revenue 1,768,000 Interest expense 56,800 Income tax expense 20,000 Interest revenue 52,000 Sales discounts 128,000 Depreciation expense 248,000 Utilities expense 88,000 Prepare a multiple-step income statement. (List other revenues before other expenses.) Cullumber Company Income Statement U . . . Calculate the profit margin and gross profit rate. (Round answers to o decimal places, e.g. 15%.) Profit margin Gross profit rate