Presented below is information for K. Robson Co. for the month of March 2020. Cost of goods sold $212,000 Freight-out $ 7,000 Insurance expense 12,000 Salaries expense 34,500 Rent expense 32,000 Sales discount 17,000 Sales return and allowances 45,000 Sales revenue 370,000 Instructions (in color): A. Prepare a multi-step income statement. Assume a 25% tax rate. B. Calculate the profit margin and the gross profit rate (make sure final answer is 2 decimals as a %)