Case 7. Spades Company provided the following information for the year ended December 31, 2022: Sales Sales salaries Advertising Indirect labor Delivery expense Freight in Depreciation - machinery Factory taxes Purchases Direct labor Factory supplies expense Office supplies expense Office salaries Factory superintendence Doubtful accounts Factory maintenance Factory heat, light and power Income tax expense 8,000,000 520,000 120,000 600,000 160,000 80,000 50,000 130,000 1,600,000 1,480,000 120,000 30,000 800,000 480,000 100,000 150,000 220,000 170,000 Doubtful accounts are common costs allocated to administrative expenses and selling expense equally. Inventory balances at the end of the fiscal period as compared with balances at the beginning of the fiscal period were as follows: Finished goods 200,000 Increase Goods in process 90,000 Increase Raw materials 100,000 Decrease Tax rate is 30%. 13. What is the amount of cost of goods sold for the current period? 14. What is the amount of general and administrative expense for the current period? 15. What is the amount of selling and distribution expense for the current period: 16. How much is the net income for the current period