Blue Spruce Limited reports the following information: sales $1,241,200; cost of goods sold $763,280; administrative expenses $185,600; selling expenses $127,600; other income $30,160; other expenses $40,600; and income tax expense $31,320. Assuming Blue Spruce uses a multiple-step statement of income. (a) (b) Your answer is correct. Calculate gross profit. Gross profit $ 477920 eTextbook and Media Your answer is incorrect. Calculate income from operations. Income from operations $ 62640 Attempts: unlimited