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Morris Foods has Net Sales of $97,000, Sales Returns and Allowances of $3,000, Gross Profit of $36,000, Other Expenses and Losses of $7,000, and Net

Morris Foods has Net Sales of $97,000, Sales Returns and Allowances of $3,000, Gross Profit of $36,000, Other Expenses and Losses of $7,000, and Net Income of $13,000.

a. What was the Sales Revenue?

b. What was the Cost of Goods Sold?

c. What were the Operating Expenses?

d. What was the Income from Operations?

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