C. Wester World is a merchandising store. Complete the Total Revenue, Gross Margin, Operating Expenses, and Net Profit before federal income tax. Wester World Inc. Income Statement December 31, 2012 Revenue: Sales: $800.00 Less: Sales returns and allowances $10.00 Net Sales: Cost of Goods sold: $395.00 Gross Margin: $ Operating Expenses: Advertising: $60.00 Delivery: $40.00 Depreciation: $59.00 Insurance: $36.00 Office Supplies: $14.00 Telephone: $50.00 Utilities: $36.00 Total Expenses: $ Net Income before taxes: $