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Enter the following formulas in the corresponding cells: In cell B 8 : Gross profit = Sales Cost of goods sold In cell B 1

Enter the following formulas in the corresponding cells:
In cell B8: Gross profit = Sales Cost of goods sold
In cell B13: Total operating expenses = Selling expenses + Administrative expenses
In cell B17: Income before taxes = Operating income Interest expense
In cell B20: Net income after taxes = Income before taxes Income tax expense
In cell B23: Earnings per share = Net income after taxes / Total # of outstanding shares
Copy the cell contents in cells B8, B13, B17, B20, and B23 to the corresponding cells in columns C:G (Ignore the #DIV/0! error for now).

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