Presented below is information for Blue Spruce Corp. for the month of March 2019. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $231,460 6,860 5,900 58,280 Rent expense Sales discounts Sales returns and allowances Sales revenue $30,380 7,680 13,120 393,970 Prepare a multiple-step income statement. (If there is a net loss then enter the amount using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Blue Spruce Corp. Income Statement $ > > $ Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate %