Part A. The following information is available for Entity A: Instructions 1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2024. Refer to Illustration 5.12 in the text for an example. The income tax rate is 23%. \%. Check figures: Income from operations is $139,700. Income before income taxes is $142,500. 2. Compute the profit margin and the gross profit rate. Show and label calculations. Round to two decimals. 3. Suggest at least three ways these measures might be materially improved and net income increased. Be sure to consider the relationship between net sales, cost-ofgoods-sold and gross profit