Financial Analysis The events and transactions of Dever Corporation for the year ending December 31, 2014 resulted in the following data: Cost of goods sold = $2,600,000; Net Sales = $4,400,000; Other income and expense = $4,000; Selling and administrative expenses = $1,100,000; Income from operations of Plastics division = $70,000; and Gain from disposal of plastics division = $500,000. The analysis reveals that: 1) All items are before the applicable income tax rate of 30%; 2) The plastics division was sold on July 1; 3) All operating data for the plastics division have been segregated; and 4) Other income and expense is comprised of interest expense of $6,000 and dividend revenue of $2,000. Prepare the Profit/Loss Statement for the year, as your 7-Steps illustration of your solution to the following: D) What is the Net Income, in $, for the year ending at December 31, 2014? (5) 5 points 1,800,000 1,285,714 696,000 886,200 399,000 A) What is the Gross Profit, in $, at year end? (7) 7 points 1,285,714 696,000 399,000 886,200 1,800,000