Mailings Review View Table Design Layout References Aa A APA A Aabbccddee Aabbccddee AaBbCcDc AaBbccdde A Heading 1 Heading 2 E Normal No Spacing Income statement information is presented here for two companies: [1] General motors Ltd. Microsoft Ltd. Sales $1,460,000 [6] Sales returns and allowances 28,000 48,000 Net sales Font Size 2,130,000 Cost of goods sold 657,000 1,172,000 Gross profit [2] [7] Operating expenses 580,000 [8] Income from operations 310,000 Other revenues Other expenses 4,100 Income before income tax [4] Income tax expense 38,600 Net income 250,900 Instructions (a) Calculate the missing amounts for items [1] to (10]. (b) Calculate the gross profit margin and profit margin for each company. 3,600 o [9] [10] 15/