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Arigato LLC sells standard kitchen cabinets. The following information summarizes Arigato's operating activities for the year: Selling and Administrative Expenses $42,755 Purchases 85,777 Net Sales

Arigato LLC sells standard kitchen cabinets. The following information summarizes Arigato's operating activities for the year:

Selling and Administrative Expenses

$42,755

Purchases

85,777

Net Sales Revenue

154,501

Merchandise Inventory, January 1

12,533

Merchandise Inventory, December 31

16,277

Cash from Operating Activities

11,211

Loss from Discontinued Operations, Net of Tax

30,123

Arigato sold 953 cabinets during the year and recorded 44 returned/defective cabinets

Compute Arigato's Gross Profit for the year: $ Blank 1. Fill in the blank, read surrounding text.

Compute Arigato's Operating Income for the year: $ Blank 2. Fill in the blank, read surrounding text.

Use - sign for negative amount, as needed. Use commas, as needed.

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