1. Which ofthe following is not reflected in the income statement? Orders received during a period of time Cost of goods sold during a period of time Salary expense earned by employees over a period oftime Supplies consumed during a period of time 2. The amount left over from sales after product costs are subtracted is called Cost of goods sold Net sales Net margin Gross margin 3. Which of the following is NOT considered an Operating expense salaries paid to sales people supplies consumed in the office R&D expenses Interest expense 4. Which of the following is Not considered Non-operating revenues/gains Depreciation expense Gains from disposal of land Interest income of a retailer investment income of a manufacturer