Prepare a comprehensive income statement. CULLUMBER co. Comprehensive Income Statement Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, e.g. 15.2%.) Profit margin Gross profit rate *Exercise 5-07 Presented below is information for Cullumber Co. for the month of January 2022 $205,200 Rent expense $33,000 Cost of goods sold 8,200 Sales discounts 8,800 Freight-out 13,600 Sales returns and allowances 18,600 Insurance expense 60,200 Sales revenue Salaries and wages expense 393,500 4,200 Other comprehensive income (net of $400 2,000 Income tax expense tax) Prepare an income statement using the multiple-step format. CULLUMBER CO. Income Statement