Question 2 View Policies Current Attempt in Progress Presented below is information for Wildhorse Company for the month of January 2022. Cost of goods sold $274,000 Rent expense $36,000 Freight-out 6,600 Sales discounts 5,100 Insurance expense 12,300 Sales returns and allowances 9,000 Salaries and wages expense 41,000 Sales revenue 423,000 Drenarea multinle.sten income statement WILDHORSE COMPANY Income Statement Calculate the profit margin and the gross profit rate. (Round answers to 2 decimal places, e.g. 15.25.) Profit margin Gross profit rate