Assume Monty Corp. has the following reported amounts: Sales revenue $796,000, Sales returns and allowances $23,000, Cost of goods sold $517,910, and Operating expenses $171,600. (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, e.g. 25.2\%.) Gross profit rate % Kingbird, Inc. Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were: Kingbird, Inc. uses a periodic inventory system. Sales totaled 1,455 units. (a) Determine the cost of goods available for sale. The cost of goods available for sale