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Answer the following questions: Question (1)- The adjusted trial balance of Pratt Company prepared at December 31, 2008, contained the following information: Sales $137,500 Sales

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Answer the following questions: Question (1)- The adjusted trial balance of Pratt Company prepared at December 31, 2008, contained the following information: Sales $137,500 Sales Returns and Allowances 5,000 1,750 91,500 500 3,750 12,500 4,500 1,750 Sales Discounts Cost of Goods Sold Delivery Expense Advertising Expense Sales Salaries Expense Rent Expense- Office Space Depreciation Expense- Office Equipment Interest Revenue Interest Expense Notes payable 6,250 4,500 Lulu Capital 14,500 242,000 Use the above information to answer the following questions. (1) Net sales for the year are S (2) The gross profit for the year is S (3) The operating espenses for the year are s (4) Income from operations for the year is S (5) Net income for the year is S

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