Assume Kingbird, Inc. has the following reported amounts: Sales revenue $1,489,200, Sales returns and allowances $43,800, Cost of goods sold $963,600, and Operating expenses $321,200. (a) Compute net sales. Net sales s (b) Compute gross profit Gross profit s (c) Compute income from operations. Income from operations (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.) Gross profit rate 9%