3. Following are selected income statement accounts for Applc Inc. illions Sales Cost of goods sold Gross profit Total expenses Net income $233,715 140 089 93,626 40.232 5.53.394 Compute Apple's gross profit margin. a. b, C. 22.7% 40.0% 17.2% 11.2% 4. Indicate which of the following itens would be reported in the balance snoot A Net inccme B. Retained earnings C. Depreciation expense E. wages expense F. Wages payable G. Interesl expense H. Interest payable l. Sales a. C, E, G, I b. A, D, F, G c. B, C, E, H d. B, D, F, H 5. Indicate which of the following items would be roported in the incame statement. A. Sales B. Relained earnings C. Depreciation expensc D. Accounts reccivable E. Dividencs F. Cosl of gocds sold H. Acconts payable Not income a. C, E, G, I b. A C, F. G. B, C, E, H d. A, E, F,I Ca 2-2 Businoss Publishovs, 02018 Financlal & Managerial Accaunting for IABAs, 5 Edition