27. After the Company pays all of the car payments, how much do they ow REVIEW: Use the following to answer questions 28-32 T&JR Corp reports the following income statement results: Gross profit Interest expense Sales discounts Net Sales Operating expense Effective tax rate $373,600 2,000 12,000 800,000 291,000 20% $28. $788,00Calculate Sales. 0 Calculate Income before Income tax (IBT). To $ 396,000 Calculate net income. 6 Calculate the gross profit margin (one decimal plac 3250.25% Calculate to % Calculate the profit margin (two decimal places) Chapter 9 Spring 2020