Assuming that the following information reflects the results of operations for 2016

calculate the: Gross Margin; Cost of Goods Sold; Cost of Goods Available for Sale;

Cost of Goods Manufactured;

Net Income $27,626

Operating Expenses 10,734

Sales 100,000

Finished Goods Inventory, 31.12.2015 10,180

Ledger Accounts as on 31.12.2016 Debit Credit

Cash $6,800

Accounts Receivable 5,400

Materials Inventory, 31.12.2016 6,200

Work in Process Inventory, 31.12.2016 9,580

Finished Goods Inventory, 31.12.2016 10,960

Production Supplies 1,140

Small Tools 1,866

Land 32,000

Factory Building 115,000

Accumulated Depreciation on Building $39,800

Factory Equipment 62,000

Accumulated Depreciation on Factory Equipment 27,400

Patents 6,700

Accounts Payable 5,380

Insurance Premium Payable 1,340

Income Taxes Payable 8,300

Mortgage Payable 68,600

Common Stock 40,000

Retained Earnings, 31.12.2016 66,826

257,646 257,646