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In 2022, Cheyenne Corp. had net sales of $922,300 and cost of goods sold of $581,049. Operating expenses were $223,300, and interest expense was $12,600.

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In 2022, Cheyenne Corp. had net sales of $922,300 and cost of goods sold of $581,049. Operating expenses were $223,300, and interest expense was $12,600. Cheyenne prepares a multiple-step income statement. (a) Your answer is incorrect. Compute Cheyenne's gross profit. Gross profit List of Accounts

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