AssumeMetlock, Inc.has the following reported amounts: Sales revenue $1,484,000, Sales returns and allowances $44,000, Cost of goods sold $967,680, and Operating expenses $320,100.

(a)Compute net sales.

Net sales$

enter net sales in dollars

(b)Compute gross profit.

Gross profit$

enter gross profit in dollars

(c)Compute income from operations.

Income from operations$

enter Income from operations in dollars

(d)Compute the gross profit rate.(Round answer to 1 decimal place, e.g. 25.2%.)

Gross profit rateenter the Gross profit rate in percentages rounded to 1 decimal place

%