Engine: x E nel X Assignx New Tab + structure.com/courses/207152... : W. NP nege o C O False Pregunta 3 6 pts Ba a Answer the following questions using the income statement below: Sales $1,000,000 COGS $600,000 ? ? Operating Expenses $300,000 ? Taxes at 34% ? The gross profit of this business is $ The gross margin is %. The operating profit is $ The operating profit margin is enn State llege of Engin %. The net profit is $ The income statement above is prepared without regard to cash is received or paid. Income is counted when the sale occurs, and expenses are counted when the raw materials, goods or services are received. This is called San accounting