In 2020, Pharoah Company had net sales of $922,100 and cost of goods sold of $590.200. Operating expenses were $224,800, and interest expense was $14,700. Pharoah prepares a multiple step income statement. Compute Pharoah's gross profit. Gross profit $ e Textbook and Media Compute the gross profit rate. (Round answer to 1 decimal place,..25.2%) Gross profit rate e Textbook and Media What is Pharoah's income from operations and net income? Income from operations $ Net income What is Pharoah's income from operations and net income? Income from operations $ Net income e Textbook and Media If Pharoah prepared a single-step income statement, what amount would it report for net income? Net income in Cruz's single-step income statement $ e Textbook and Media In what section of its classified balance sheet should Pharoah report inventory? Inventory is reported as a immediately below e Textbook and Media