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ork 0 [The following information applies to the questions displayed below) Below are amounts found in the income statements of three companies. Company Henry Grace

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ork 0 [The following information applies to the questions displayed below) Below are amounts found in the income statements of three companies. Company Henry Grace James Sales Revenue $36,880 39,000 44,000 Cost of Goods Sold $12,600 26,130 25,960 Operating Expenses $ 5,289 13,389 3,200 Non-operating Expenses $2,200 7.200 Income Tax Expense $2,200 3,200 Required: 1. For each company, calculate (a) gross profit, (b) operating income. (c) income before income taxes, a amounts should be indicated by a minus sign.) Gross Profit Operating Income Income Before Income taxes Net Income! Loss Henry Grace James arch

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