In 2020, Swifty Corporation had net sales of $964,600 and cost of goods sold of $545,700. Operating expenses were $220,900, and interest expense was $12,300. Swifty prepares a multiple-step income statement. Compute Swifty's gross profit. Gross profit $ e Textbook and Media Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%) Gross profit rate % e Textbook and Media What is Swifty's income from operations and net income? Income from operations $ Net income $ e Textbook and Media If Swifty 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 Swifty report inventory? Inventory is reported as a immediately below