Presented below is information for Annie Company for the month of March 2018. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $245,000 7,000 5,000 63,000 Rent expense Sales discounts Sales returns and allowances Sales revenue $ 36,000 8,000 11,000 410,000 Instructions (a) Prepare a multiple -step income statement. (b) Compute the gross profit rate