1. Calculate the operating expenses for Dolfin Corporation.

2. Calculate the gross profit for Dolfin Corporation.

3. Calculate the income from operations for Dolfin Corporation.

Income Statement The accountant for Dolfin Corporation prepared the income statement below. The auditor has asked you to use this statement to provide additional information to Dolfin Corporation on the Final Questions panel. Dolfin Corporation Income Statement For the Year Ended December 31 1 Sales $316,840.00 2 Expenses: 3 Cost of merchandise sold $215,451.20 41,18920 Selling expenses 34,852.40 s Administrative expenses 27500 6 Interest expense 7 Total expenses 291767.80 $25,072.20 8 Net income