Use the above information to prepare a multiple$-$step income statement for the year ended December $31,2024.$ Please look at Illus. $5\mathrm{.}12$ in the text for an example. The income tax rate is $23\%($round to the nearest dollar$).$ Check figures: Income from operations is $$175,000.$ Net income is $$87,010\mathrm{.}2.$ Compute the profit margin and the gross profit rate. Show and label calculations$\mathrm{.}3.$ 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$-$of$-$goods$-$sold and gross profit as well as operating expenses.

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Part B: Cash to accrual review.Before month$-$end adjustments are made, the December $2025$ trial balance of Entity B contains revenue of $$11,000$ and expenses of $$8,900,$ so net income before any adjustments would be $$2,100($$$11,000-$$$8,900).$Instructions: In the table below, indicate whether each item should be added $(*),$ subtracted $(-)$ or would have no effect $($NE$)$ in arriving at accrual basis net income and then calculate accrual net income.