Can you hello me find b?

Presented below is selected information for Cheyenne Company for the month of March 2022. Cost of goods sold $225,700 Rent expense $32,260 Freight-out 6,640 Sales discounts 8,000 Insurance expense 5,610 Sales returns and allowances 13,000 Salaries and wages expense 58,950 Sales revenue 391,000 (a) Your answer is correct. Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sales Sales Revenue Less : Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit Operating Expenses Salaries and Wages Expense Rent Expense 13000 i 8000 58950 i 32260 i 391000 21000 i 370000 225700 i 144300 Insurance Expense Freight-Out Total Operating Expenses Net Income /(Loss) eTextbook and Media List of Accounts C 5610 6640 i 103460 i 40840 Attempts: 2 of 3 used (b) Your answer is incorrect. Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate