classified as per revances m e expenses classified as monoperating reventies beste to the sa erestre artbeacher operating revenues and expenses we are classe C D l es mines and income tax expense 13) G ris cal from net sales to calculate gross profit. B) Opening Castorgado D) or the other answers are subtracted from G TWO QUESTIONS: the following amounts in its income statement USE FOR THE FOLLOWING TWO QUEST 14) L and Corporation reported the follo $ 440,000 60,000 10,000 Sales revenue Advertising expense Interest expense Salaries expense Ubilities expense Income tax expense Cost of goods sold 55,000 25,000 45,000 180,000 What was LeGrand's gross profit? A) $260,000 B) $180,000 C) $220,000 D) S120,000 15. LeGrand Corporation reported the following amounts in its income statement- Sales revenue Advertising expense Interest expense Salaries expense Ublities expense Income tax expense Cost of goods sold $ 440,000 60,000 10,000 55,000 25,000 45,000 180,000 What was LeGrand's operating income? A) $120,000 B) $260,000 C) $110,000 D) 565,000