Multi income statement

The information below taken from the general ledger of The Wendy Company for the month of November 2020: Cost of Goods Sold Accounts Receivable Freight-out Salary expense Inventory Rent expense Sales Unearned Fees Accounts Payable Dividends Insurance expense $200,000 7,000 3,000 55,000 10,500 40,000 500,000 15,000 7,500 3,000 8,000 a. Prepare a multi-step income statement in good form. Operating Expenses: Total operating expenses b. What is the gross profit rate