ACC 202-Assignment II-Homework Question 2. Presented below is information for Aryor Company for the month of March 2017 Cost of goods sold Interest Expense Freight-out Loss on sale of shares Salaries and wages expense Inventory Rent expense payable 242,000 2,000 7,000 3,500 63,000 5,000 12,000 Rent expense Interest tax expense Sales discounts Sales returns Sales revenue Gain on sale of property Insurance expense 30,000 6,000 8,000 13,000 410,000 15,000 17,000 Instructions: Prepare an income statement. Calculations for net sales, gross profit, income before interest and tax and net income should be presented in a proper format. Also, compute the gross profit rate. (60 points)