Question 1 View Policies Current Attempt in Progress In its income statement for the year ended December 31, 2022, Splish Brothers Inc. reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $576,600 Loss on disposal of plant assets 1,223,880 Sales revenue 89,460 Income tax expense 80.600 Sales discounts 384,400 Utilities expense $103,540 2,740,400 31.000 198,400 136,400 Prepare a multiple-step income statement. (List other revenues before other expenses.) Splish Brothers Inc. Income Statement e Textbook and Media List of Accounts Calculate the profit margin and gross profit rate. (Round answers to 2 decimal place, e.g. 15.20%.) Profit margin Gross profit rate eTextbook and Media List of Accounts