estion 2 of 9 7.5/10 -rent Attempt in Progress - Your answer is partially correct. Sandhill Corporation reports the following information: sales $1,960,000; cost of goods sold $392,000; administrative expenses $117,600; selling expenses $78,400; dividend income $11,760; other expenses $9,800; and income tax expense $14,700. Assuming Penny uses a multiple-step statement of income, calculate the following: Gross Profit $ 1568000 Income from Operations $ 1362200 ues Income before Income Tax 1373960 Net Income $ 1359260 Le e Textbook and Media