Your Answer Correct Answer Your answer is correct. Information from JT Engineering's 2022 income statement is shown in the chart. Based on this information, what was JT's rate for 2022? Round to the nearest hundredth. Net sales Cost of goods sold Operating expenses Income tax expense Net income 45.79% 77.47% 76.74% 54.21% Solution $95,000 21,400 12,600 9,500 $51,500