Assume Martinez Company has the following reported amounts: Sales revenue $610,000, Sales returns and allowances $30,000, Cost of goods sold $396,500, and Operating expenses $84,000. (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 I decimal places.25.2461) Gross profit rate