Cost of Goods Sold: $189, 250 Gross Margin: $143, 500 Operating Expenses 32% Set up a complete P&L statement using the following figures: Opening Inventory (cost) $25,000 Closing Inventory (cost) $19,000 Gross Sales $83,000 Customer R&A $750 Purchases (cost) $65,000 Freight (Transportation) $1, 250 Salaries (Selling & Buying) $8, 250 Rent & Utilities $6, 400 Cash Discounts Received $1, 200 Miscellaneous Expenses $250 Analyze the results obtained. What might the business consider if it desires to improve its profitability? If customer R&A in the handbags department totaled $11, 500 and net sales were calculated at $142,000, determine gross sales. If gross sales totaled $, 245,000 and net sales were $135,000, determine the dollar and percent value of customer R&A