Income Statement
For the year ended December 31, 2023
		Total		Product A		Product B
Sales	700,000		380,000		320,000
Cost of Goods Sold	400,000
	Gross Profit	300,000
Expenses
Salaries Expense	120,000
Marketing Expense	60,000
Other Expense	20,000
	Total Expenses	200,000
Operating Income	100,000
Facts:
$250,000 of cost of goods sold is allocated to Product A and $150,000 to Product B
$65,000 of Salary expense is allocated to Product A and $55,000 to Product B
70% of Marketing expense is allocated to Product A and 30% to Product B
65% of Other expense is allocated to Product A and 35% to Product B
Questions: (show your work)
1.	What is the gross profit dollar amount for each product?
2.	What is the gross profit percentage for each product?
3.	What is the operating income dollar amount for each product?
4.	What is the operating income percentage for each product?
5.	What one question would you ask the company regarding product A and what one question would you ask the company regarding product B?