Dolfin Corporation Income Statement For the Year Ended December 31, 2018 Sales $317,840 Expenses: Cost of goods sold $216,131 Selling expenses 41,319 Administrative expenses 34,962 Interest expense 275 Total expenses (292,687) Net income $25,153 Final Questions The auditor has asked you to prepare additional information about Dolfin Corporation's results for last year. Use the data shown on the income statement in your computations. 1. Compute the operating expenses for Dolfin Corporation. 76,881 X 2. Compute the gross profit for Dolfin Corporation. 102,709 X 3. Compute the operating income for Dolfin Corporation. 25,828 X