emaining Time: 1 hour, 38 minutes, 03 seconds. Question Completion Status: QUESTION 5 XYZ company provided the following information: Sales Accounts payable $134,500 15,500 Selling expenses 37,000 Administrative expenses 13,000 Other revenues 27,000 Cost of goods sold 95,000 24,000 Cash 22,000 Other expenses Required: Calculate the following: (SHOW YOUR CALCULATIONS) 1. Gross profit 2. Net income/ loss (note: specify whether the company had net income or out loss) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial V 10pt Click Save and Submit to save and submit. Click Save All Anners to s esc * EEA 0