Assume Splish Brothers Inc. has the following reported amounts: Sales revenue $1,000,000, Sales returns and allowances $29,000. Cost of goods sold $638,918, and Operating expenses $215,600. (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 %