Below are amounts found in the income statements of three companies Company Henry Grace James Sales Revenue $20,000 23,000 28,000 Cost of Goods Sold $ 6,000 17,250 18,760 Operating Expenses $4,489 7,480 2,480 Non- operating Expenses $1,400 3,400 Income Tax Expense $1,400 2,400 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.) Gros P O perating Income Income BeforeNet Income Income taxes Loss Henry Grace James Company Henry Grace James Sales Revenue $20,000 23,000 28,800 Cost of Goods Sold $ 6,000 17,250 18,760 Operating Expenses $4,400 7,489 2,400 Non operating Expenses $1,400 3,400 Income Tax Expense $1,400 2,400 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James