Mariah Company is currently preparing an income statement budget for 2023. Mariah, the owner of Mariah Company, requests assistance with analyzing results of operations in 2022.

a. In 2022, Mariah Company had net income of $500, representing 10% of all sales. What were total sales?

b. If total sales are $5,000 and one-fourth of all sales were cash sales, what were credit sales?

c. If total sales are $5,000 and gross profit represents 60% of sales, what was the cost of goods sold?

d. If total sales are $5,000, COGS is $2,000, and net income is $500, what were operating expenses (assuming no other gains or losses to report)?