Net income from operations plus other income mines ofher expenses equals net income. True False Question 18 (1 point) The Giross Profit figure used on the income statensent is copiod as is from the worksheet. True False Question 19 (1 point) The Prepaid Asset and Cost of Goods Sold accounts are combined to come up with the balance sheet inveniory amount. True False Question 20 (1 point) The Menchandise lnventory is found on the workshect in the balance sheet columns. True False Question 21 (1 point) Cost of Goods Sold includes Other Income. Freight-in. Net Sales. Freight-out. Question 22 (1 point) Sales Discount is used when calculating leventory. True False Question 23 (1 point) Waich ansount is not directly found on the worksbeet? Sales Returns Sales Discounts Not Sales Sales