Current Attempt in Progress Ayayai Limited reports the following information: sales $1,262,600; cost of goods sold $776,440; administrative expenses $188,800; selling expenses $129,800; other income $30,680; other expenses $41,300; and income tax expense $31,860. Assuming Ayayai uses a multiple-step statement of income. (a) Calculate gross profit. Gross profit Save for Later $ Attempts: 0 of 1 used Submit Answer

Ayayai timited reports the following informations sales $1,262,600; cost of goods sold $776,440; administrative expenses $188,800; selling expenses $129,800; other income $30,680; other expenses $41,300; and income tax expense $31,860. Assurning Ayayai uses a multiple-step statement of income. (a) Calculate gross profit