1. If Casey company sells their products at a markup of 40% and if cost of goods sold is equal to $140000, then gross sales would equal? Q2. A small retail store sells toy cars. The cost of goods sold for the items is $180000, and the gross sales are $270000. What is the company's markup on the toys? Q3generally speaking, when a company records depreciation expenses on equipment, the company is attempting to: A. Recognize the total payments made on the equipment B. Allocate the cost of equipment over its useful life C. Build up replacement costs for the equipment D. Recognize the decline in market value of the equipment E. Reflect the operating c t of the equipment l