26. $_ _What is total stockholders' equity at the end of 20XE? Use the following to answer questions 27 - 34 Miracle Corporation reports the following amounts in its December 31, 20XF income statement: Sales Net sales income tax expense Sales returns Gain on sale of equipment $1,165,000 1,152,300 30,000 12,700 3,000 Advertising expense Salaries expense Cost of goods sold Utilities expense Average shares outstanding $125,400 261,625 614,175 10,450 100,000 27. $ _Determine gross profit: 28. $_ Determine operating expenses: 29. $._ Determine Income before income taxes (IBT): $_ _Determine net income: %. Calculate gross profit ratio (one decimal place) 32. _ _ _ %. Calculate the profit margin (two decimal places) 33. $ Calculate Earnings per Share (rounded to two decimal places) _If ending inventory consisted of $45,000 and beginning inventory was $36,000 how much inventory was purchased during the year? MacBook Air