Net Sales= $147,200 Gross Profit= $50,200

Answer these Questions:

**FIND Income from Operations: **Find Net Income

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc. as they appear on the company's adjusted trial balance. Accounts Payable $ 12,000 Accounts Receivable Inventory Advertising Expense Cost of Goods Sold Delivery Expense Income Tax Expense Insurance Expense Rent Expense 13,000 20,400 13,000 97,000 6,200 3,700 | 1.000 12.800 180,000 Sales Revenue Sales Discounts Sales Returns and Allowances 10.800 22,000 Income from Operations would be: The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc. as they appear on the company's adjusted trial balance. $ 12,000 Accounts Payable Accounts Receivable Inventory Advertising Expense Cost of Goods Sold Delivery Expense Income Tax Expense Insurance Expense Rent Expense Sales Revenue 13,000 20,400 13,000 97,000 6,200 3,700 1,000 12,800 180.000 10.800 Sales Discounts Sales Returns and Allowances 22,000 Net income would be