Presented below is selected information for Flounder Company for the month of March 2022. (a) Your answer is correct. Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign prec -45 or parentheses e.g. (45).) Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20\%.) Gross profit rate % s Ltess: : $ Net Sales cost or Goods sold Gross Protit Operating Expenses