CERITTEN Pharoah Cosmetics Flounder Grocery Shamrock Footware Sales $230,000 le) $ $289,000 20,000 Sales returns and allowances (a) 25,000 Net sales 213,000 350,000 (0) Cost of goods sold 103,000 (f) 0) Gross profit (b) 210,000 154,000 Operating expenses 51.000 95,000 Profit from operations (c) (h) (k) Other expenses 7,000 10,000 (0) Profit (d) 72,000 45,000 e Textbook and Media