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find the gross proft and the gross proft rate. thanks! The trial balance of Marigold Company at the end of its fiscal year, August 31,

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The trial balance of Marigold Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,300; Purchases $172,000; Sales Revenue $223,000; Freight-In $5,300; Sales Discounts $3,500; Sales Returns and Allowances $4,100; Freight-Out $1,800; Purchase Discounts $3,200 and Purchase Returns and Allowances $2,700. The ending Inventory is $26,919. Marigold Company Cost Of Goods Sold section For the Year Ended August 31, 2022 Inventory, September 1,2021 Purchases Purchase Returns and Allowances Purchase Discounts 166,10032001 Add Freight-In Cost of goods purchased Purchases $172,000 Purchase Returns and Allowances Purchase Discounts Net Purchases Freight-In Cost of goods purchased Cost of goods available for sale Inventory, August 31, 2022 Cost of goods sold September 1,2021 Purchase Returns and Allowances Purchase Discounts Freight-in ods purchased Compute Marigold's gross profit and gross profit rate. Gross profit $ Gross profit rate (Round answer to 1 decimal place, e.8. 52.3)

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