Chocolate Treats has the following account balances:

Cost of goods sold $390,000

Rent expense $43,000

Depreciation expense 12,500

Salaries expense 55,000

Insurance expense 3,400

Sales 555,000

Interest expense 10,500

Sales discounts 5,800

Interest revenue 9,500

Sales returns and allowances 17,500

Chocolate Treats has the following account balances: Cost of goods sold $390,000 Rent expense $43,000 Depreciation expense 12,500 Salaries expense 55,000 Insurance expense 3,400 Sales 555,000 Interest expense 10,500 Sales discounts 5,800 Interest revenue 9,500 Sales returns and allowances 17,500 Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales, (b) gross profit, (c) oper operations, and (e) profit. (a) Net sales (b) Gross profit (c) Operating expenses 113,900 (d) Profit from operations X X (e) Profit