Grouper Limited reports the following information:sales $1,105,000 sales returns and allowances $21,900; sales discounts $18,800; cost of goods sold $666,600; administrative expenses $159.300; selling expenses $107,800, other revenues $26,400; other expenses $33,300; and income tax expense 26,000.Assume Grouper uses a multiple-step income statement Part 1 Calculate net sales Net sales $ Part 2 Calculate gross profit. Gross profit $ Part 3 Calculate income from operations Income from operations Part 4 Calculate income before income tax. Income before income tax $ eTextbook and Media Part 5 Calculate net income. Net income