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1. How much gross profit did Bianca earn on the sale of its products in 2021? How much was income from continuing operations? How much
1. How much gross profit did Bianca earn on the sale of its products in 2021? How much was income from continuing operations? How much net income did the company earn? 2. At the end of 2021 , what dollar amount of income would most sophisticated investors use to predict Bianca's Imports ' net income for 2022 and beyond? Name this item, give its amount , and state your reason.
Bianca's Imports, Inc. Consolidated Statement of Operations (Adapted) (In thousands except per share amounts) Net sales Operating costs and expenses: Cost of sales (including buying and store occupancy costs) Selling, general, and administrative expenses Depreciation and amortization Total operating costs and expenses Operating income (loss) Nonoperating (income) and expenses: Interest and investment income Interest expense Interest income, net Year Ended 2021 2020 $ 1,917,425 $ 1,806,575 1,121,690 1,045,980 549,635 526,060 55,762 48,250 1,727,087 1,620,290 190,338 186,285 (2,625) (2,780) 1,795 1,610 (830) (1,170) Lincome (local.from.continuing onoratione hoforo income taxes. 101 160 197 455
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