1. Garden Pro Corporation has sales of $4,437,338; income tax of $468,826; the selling, general and administrative expenses of $205,212; depreciation of $383,065; cost of goods sold of $2,623,466; and interest expense of $128,679. Calculate the firm's net income?
2. Evening Story Corporation has sales of $4,383,257; income tax of $557,691; the selling, general and administrative expenses of $296,793; depreciation of $363,135; cost of goods sold of $2,501,364; and interest expense of $174,946. Calculate the amount of the firm's gross profit.