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In the last fiscal year Dan's Bookstore had gross sales of $228 000 with returns of $4560. At the beginning of the fiscal year Dan
In the last fiscal year Dan's Bookstore had gross sales of $228 000 with returns of $4560. At the beginning of the fiscal year Dan had an inventory of $45 600. During the year he purchased a total of $91,200 worth of goods with a freight charge of $1368 The inventory at the dose of the fiscal year was $57000 Waons and salaries were $34 200 rent was $10.032, advertising was $3648 utilities were 52736, kes on inventory and payroll were $1824 miscellaneous expenses were $6384, and income taxes were $13.680 Find the cost of goods sold the gross profit the net income before taxes and the net income after taxes Dan's cost for goods sold was His gross profit was Dar's net income before taxes was His net income after taxes was $
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