3 XYZ company provided the following information: Sales $30,000 Accounts payable 3,000 Selling expenses 4,000 Administrative expenses 5,500 Other revenues 10,000 Cost of goods sold 13,500 Cash 12,000 Other expenses 7,000 Required: Calculate the following: (SHOW YOUR CALCULATIONS) 1 Gross profit 2. Net incomel loss hole specify whether the company had net income or net loss) For the toolbar, press ALT+30 (PC) or ALT-FN-10 (Mac) BIUS wagraph