/ Step Is Question 1) Presented below is information for EverBalance Inc. for the month of October 2023. Utilities expense Sales revenue Rent revenue Sales return and allowances Cost of goods sold Insurance expense Rent expense $ 95,000 37,000 199,000 12,000 32,000 Freight-out Salaries expense Sales discount $ 24,000 269,000 5,000 31,500 15,000 Instructions (in color): A. Prepare a multi-step income statement. Assume a 28% tax rate. B. Calculate the profit margin and the gross profit rate (make sure final answer is 2 decimals as a %).

Instructions (in color). A. Prepare a multi-step income statement. Assume a 28% tax rate. B. Calculate the profit margin and the gross profit rate (make sure final answer is 2 decimals as a \%)