7) Net sales revenue less cost of goods sold is called a. gross margin. b. net profit. c. net income. d. marginal income. Cost of Goods Sold 8) Presented here are the components in Bradley Company's multi-step income statements for 2020 and 2021. Determine the missing amounts. Sales Revenue Gross Operating Net Profit Expenses Income FY 2020 $70,000 (a) $34,000 (b) $16,500 FY 2021 (c) $90,000 $53,500 $42,000 (d)