Assume Larkspur, Inc, has the following reported amounts: Sales revenue $587,000, Sales returns and allowances $17,000, Cost of goods sold $383,610, and Operating expenses $126,500. (a) Compute net sales. Net sales (b) Compute gross profit. Gross profit (c) Compute income from operations. Income from operations (d) Compute the gross profit rate. (Round answer to 1 decimal place, eg. 25.2\%) Gross profit rate \%