33:00 Hide Timer Question 4 View Policies Current Attempt in Progress In 2017, Ayayai Company had net sales of $936,000 and cost of goods sold of $580,320. Operating expenses were $222,000, and interest expense was $11,000. Ayayai prepares a multiple-step income statement. Compute Ayayai's gross profit. Gross proft $ Compute the gross profit rate. Gross profit rate Type here to search o e m man G4 PM What is Ayayai's income from operations and net income? Income from operations $ Net income If Ayayai prepared a single-step income statement, what amount would it report for net income? Net income in Ayayais single-step income statement In what section of its classified balance sheet should Ayayai report merchandise inventory? Inventory is reported as a immediately below