Mr. Johnson By analyzing the income statement, what amount of money is left over at the end of the year from the business once everything is accounted for? D $29,707.50 $34,950.00 $92,200 Vintage Lily Income Statement December 31 Revenue Gross sales Less: sales returns and discounts Net sales $ 94,000.00 $ 1,800.00 $ 92,200.00 $ 34,000.00 Cost of goods sold Beginning Inventory: Jan 1 Merchandise purchases Freight shipping costs Not purchases Costs of goods available for solo Less ending Inventory: Dec 31 Cost of goods sold $ 21,000.00 $ 1.400.00 $ 22400.00 $56,400.00 $ 12,000.00 $ 44400.00 I Gross profit $ 47,800.00 Operating expenses Selling expenses Salarios Advertising Supplies Total selling expenses General expenses Depreciation Insurance Utilities $ 7.500.00 $ 800.00 $ 1.200.00 $ 9,500.00 1200.00 900.00 1100.00 Net sales $ 92.200.00 Cost of goods sold Beginning Inventory: Jan 1 Merchandise purchases Freightshipping costs Net purchases Costs of goods available for sale Less: ending inventory. Dec 31 Cost of goods sold $ 34,000.00 $ 21,000.00 $ 1.400.00 $22.400.00 $56,400.00 $ 12,000.00 $ 44,400.00 Gross profit $ 47,800.00 $ 7.500.00 $ 800.00 $ 1,200.00 $ 9,500.00 I Operating expenses Seling expenses Salaries Advertising Supplies Total selling expenses General expenses Depreciation Insurance Utilities Other Total general expenses $ 1.200.00 $ 900.00 $ 1.100.00 $ 150.00 $ 3.350.00 Total operating expenses Net income before taxes Less taxes Net income after taxes $ 12.850.00 $ 34,950.00 $ 5.242.50 $ 29.707.50