Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $218,220 Selling expenses 72,900 Administrative expenses 38,540 Sales 464,300 Finished goods inventory, January 1 52,470 Finished goods inventory, January 31 47,820 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods Sold January 31 (b) Bandera Manufacturing Company Gross Profit January 31 (c) Bandera Manufacturing Company Net Income January 31 Operating expenses: E Total operating expenses