46. Total Selling Expenses are what percent of total operating expenses? A) 58.56% B) 47.33% C) 46.99% D) 36.44% E) 26.74% B Income From Operations is what percent of Net Sales? A) 12.87% B) 13.66% C) 13.99% D) 15.01% E) 16.74% . For the second quarter, one year ago, the Income from Operations was 13.01% of Net Sales. Does the current results (question B) show improvement over last years results? Answer Y for Yes or N for No. Printeport Veideretti Cabinets Income Statement For the Quarter Ended June 10, 2021 Shop Supp vehicles Expense 716.00 Revenues: Cabinet Sales $ 341,10.na Less Sales Returns and Allowances Net Sales $ 337,565.80 Cost of Goods Sold: Cost of Goods Sold $ 256,631.56 Transportation. In 1,5e1.75 Total Cost of Good Sold 258,133.31 Gross Profit From Sales 79,432.49 Installation Fees Earned 1,455.00 Gross Profit From Sales and Fees Earned $ 89,887.49 Operating Expenses Selling Expenses: Salaries and Wages Expense $ 4,55e.es Store Supplies Expense 2,453.34 Supplies Expense 459.00 1.620.60 Advertising Expense 2,501.25 Credit Card Expense 2,072.25 Tools Expense 213.74 Bad Debts Expense 847.se Deprec. Expense - Store Equipment 3,300.00 Depreciation Expense - Shop Equipment 450.00 Depreciation Expense - Delivery Vehicles 1,181.25 Total Selling Expense $ 20,364.99 General and Administrative Expenses: Rent Expense $ 8,000.00 Insurance Expense 1,240.5e Professional Services Expense 2,228.00 Electric and Gas Expense 1,699.25 Telephone Expense 1, e34.25 Bank Service Charges 133.25 Cash Short and Over 12.25 Miscellaneous Expense 66.11 Total General and Administrative Exp. $ 14,413.61 Total Operating Expenses $ 34,778.60 Income From Operations $ 46, 108.89 Other Income and Expenses: Interest Earned $ 737.00 Loss on Asset Disposal 1,200.00 1/2 Domax 5/28/2020 Loss on Asset Disposal Interest Expense Print Report 1,200.ee 816.11 Total 633, 331.81 633, 331.01