Current Attempt in Progress

Chocolate Treats has the following account balances:

Cost of goods sold		$380,000		Rent expense		$43,000
Depreciation expense		13,500		Salaries expense		55,000
Insurance expense		3,100		Sales		565,000
Interest expense		11,500		Sales discounts		5,400
Interest revenue		8,700		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) operating expenses, (d) profit from operations, and (e) profit.