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A firm reports sales of $1,049,100.00, Cost of Goods (COGS) of $599,700.00, Selling and Administrative expense of $99,800.00, and depreciation expense of $224,300.00. 1.What is

A firm reports sales of $1,049,100.00, Cost of Goods (COGS) of $599,700.00, Selling and Administrative expense of $99,800.00, and depreciation expense of $224,300.00.

1.What is the gross profit for the firm?

2.What is the operating profit for the firm

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