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Exercise 5-09 a-b Presented below is information for Furlow Company for the month of March 2020. Cost of goods sold $212,000 Rent expense $32,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 6,000 Sales returns and allowances 13,000 Salaries and wages expense 58,000 Sales revenue 380,000 Prepare a multiple-step income statement. (If there is a net loss then enter the amount using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Furlow Company Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT HE Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate