13. Presented below is information for OB Company for the month of April 2019. Cost of goods sold $ 16,000 Freight-out 4,000 Insurance expense allowances 6,500 Salary expense $106,000 Rent expense 3,500 Sales discounts 6,000 Sales returns and 29,000 Sales 185,000 Instructions (a) Prepare a multiple-step income statement. (b) Compute the gross profit rate.