Current Attempt in Progress Assume Monty Company has the following reported amounts: Sales revenue $520,000, Sales returns and allowances $25,000, Cost of goods sold $356,400, and Operating expenses $83,000. (a) Compute the net sales. Net sales \$ (b) Compute the gross profit. Gross profit (c) Compute the income from operations. Income from operations $ (d) Compute the gross profit rate. (Round answer to 1 decimal place, eg. 25.2\%.) Gross profit rate %