Exercise 6-14 In its income statement for the year ended December 31, 2017, Carla Vista Co. reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Loss on disposal of plant $ 83,500 2,410,000 25,000 150,000 115,000 $460,000 1,130,000 Sales revenue 68,000 62,100 305,000 Income tax expense Sales discounts Utilities expense Interest revenue Depreciation expense Prepare a multiple-step income statement. (List other revenues before other expenses.) CARLA VISTA CO. Income Statement For the Year Ended December 31, 2017 Income From Operations Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Calculate the profit margin and gross profit rate. Profit margin Gross profit rate SHOW LIST OF ACCOUNTS