Below are amounts found in the income statements of three companies. Sales Company Revenue Cost of Goods Sold Henry $46,000 $11,500 Operating Expenses $ 5,700 Non-operating Income Tax Expenses $2,700 Grace 49,000 35,2801 James 54,000 34,560 16,800 3,700 7,700 0 Expense $2,700 e 3,700 Exercise 6-16A Part 1 Required: 1. For each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income. (Negative amounts should be indicated by a minus sign.) Gross Profit Operating Income Income Before Income taxes Net Income/ Loss Henry Grace James