Blackboard QUESTION 10 Use the tollowing IS and balance sheets for ABC to calculate the net profit margin for the year 2005 ABC Income Statement Ending Dec. 31st 005 $1,800,000 1,080,000 720,000 180,000 500,000 80,000 -40,000 90,000 130,000 2006 3,000.000 1,800,000 1,200,000 300,000 500,000 80,000 320,000 120,000 200,000 50,000 150,000 Net Sales coGs Gross Profnt Marketing Expenses General Administrative (GSAJExpenses Depreciation expense EBIT Interest EBT Taxes Net Income 130,000 Dividends 70,000 Change in Retained Earnings 80,000 ABC Click Save and Submit to save and submit. Click Save All Answers to save all answers