Current Attempt in Progress Presented below is information for Cheyenne Chocolatiers for the month of March 2020. Cost of goods sold 187,040 Rent expense 30,440 Freight-out 8,120 Sales discounts 7,420 Insurance expense 5,290 Sales returns and allowances 13,410 Salaries and wages expense 57,550 Sales revenue 394,910 Other comprehensive income 1,730 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number parentheses e.g. (45).) Prepare a comprehensive income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CHEYENNE CHOCOLATIERS Comprehensive Income Statement Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate % Save for Later Attempts: unlimited