1. What is meant by the term "net of sales?" How is this term connected to the Corporate Income Statement? In your response, explain what a Corporate Income Statement is. 2. What issues must be considered when determining whether or not an uninsured loss from hurricane destruction should be treated as an extraordinary item? Indicate in your response what an uninsured loss entails. 3. How do the accounting conventions of full disclosure and consistency facilitate the interpretation of the quality of earnings