Income Tax: 35,000

Insurance Costs: 7,000

COGS: 356,000

Accounting Costs: 13,000

Interest Expense: 50,000

Sales: 873,000

Property Tax: 3,000

Marketing Expense: 55,000

Administration Expense: 24,000

Office Supplies: 15,000

a) Calculate the Gross Profit.

b) Calculate the Total Operating Expense.

c) Calculate the Operating Income (EBIT).

d) Calculate the Net Income.

e) Conduct an Income Statement with the given Numbers above and your Findings from a) to d)

f) Conduct a Common Sized Income Statement with your Findings in e).