Below are amounts found in the income statements of three companies. Cost of Goods Operating Sold Expenses $15,000 $5,900 14,100 3,900 Company Henry Grace James Net Sales $50,000 53,000 58,000 39,220 38,280 Nonoperating Expenses $2,900 7,900 0 Income Tax Expense $2,900 0 3,900 Required: 1. For each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income. 2-a. For each company, calculate the gross profit ratio. 2-b. Which company has the most favorable ratio?