5.9 Presented below is information for Furlow Company for the month of March 2015 Cost of goods sold $212,000 Rent expense US $ 32,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 6,000 Sales returns and allowances 13,000 Salaries and wages expense 58,000 Sales revenue 380,000 Instructions (a) Prepare a multiple-step income statement. (b) Compute the gross profit rate