Bingo Inc. Income Statement For the April 30, 2021 Quarter Ended Sales $ 425,800 210.500 Less: Cost of goods sold Gross margin 215,300 Less: Selling expenses 84,200 196,700 Administrative expenses 112,500 w Net Income $ 18,600 Bingo Inc. Income Statement For the April 30, 2021 Quarter Ended Sales $ 425,800 210.500 Less: Cost of goods sold Gross margin 215,300 Less: Selling expenses 84,200 196,700 Administrative expenses 112,500 w Net Income $ 18,600