View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Assume Whispering Winds Corp. has the following reported amounts: Sales revenue $1,550,000, Sales returns and allowances $46,000, Cost of goods sold $1,009.184. and Operating expenses $334,400. (a) Compute net sales. Net sales $ 1,504,000 (b) Compute gross profit. Gross profit $ 1540,816 (c) Compute income from operations. Income from operations $ 206,416 (d) Compute the gross profit rate. (Round answer to 1 decimal place, eg. 25.2%). Gross profit rate 0.34 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Assume Whispering Winds Corp. has the following reported amounts: Sales revenue $1,550,000, Sales returns and allowances $46,000, Cost of goods sold $1,009,184, and Operating expenses $334,400. (a) Compute net sales. Net sales $ 1,504,000 (b) Compute gross profit. Gross profit $ 1540,816 (c) Compute income from operations. Income from operations $ 206,416 (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%) Gross profit rate 0.34 %