Assume Kader Company has the following reported amounts:Sales revenue $1, 040, 400, Sales returns and allowances $30, 600, Cost of goods sold $673, 200, and Operating expenses $224, 400. Compute net sales. Net sales $ Compute gross profit. Gross profit $ Compute income from operations. Income from operations $ Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.) Gross profit rate %