The trial balance of Wildhorse Co$.$ at the end of its fiscal year, August $31,2022,$ includes these accounts: Inventory $$21,700$; Purchases $$186,000$; Sales Revenue $$237,000$; Freight$-$In $$6,700$; Sales Returns and Allowances $$5,500$; Freight$-$Out $3,200$; and Purchase discounts $$4,600$ and purchase returns and allowances $$4,100.$ The ending inventory is $$28,952.$ Compute gross profit and gross profit rate