Lenox, Inc. has an income tax rate of 20%. During the first quarter of 2018 , Lenox reports the following activities: - Gross revenue of $500,000. - Sales returns of $4,000. - Sales discounts of $7,000. - Cost of goods sold of $260,000. - Wage expense of $135,000. - Total other operating expenses (depreciation, utilities, etc.) of $86,000. - A loss on the sale of used equipment of $2,000. 1. What is Lenox's net revenue for the 1st quarter? \$ 2. What is Lenox's gross profit for the 1st quarter? \$ 3. What is Lenox's operating income for the 1st quarter? $ 4. What is Lenox's pretax income for the 1st quarter? \$ 5. What is Lenox's income tax expense for the 1st quarter? \$ 5. What is Lenox's income tax expense for the 1st quarter? \$ 6. What is Lenox's net income after taxes for the 1st quarter? \$