please help with accounting

1 question with 5 parts, please answer all parts :)

Assume net sales of a company are $600,000, cost of goods sold is $350,000, and operating expenses are $120,000. Given this information, what is gross profit? $370,000 $480,000 $250,000 $130,000 True or false? Depreciation expense is typically recorded on tangible (fixed) long-term assets. True False Star Corp. recognizes depreciation expense on its building for $10,000 each year. At the end of Year 2 , what is the balance in the accumulated depreciation account? $20,000 credit $10,000 credit $20,000 debit $10,000 debit A company recently sold an espresso machine for $5,000 cash. Assume the original cost of the machine was $12,500 and accumulated depreciation was $7,000 at the time of the sale. Given this information, which of the following statements is true? Book value on the date of sale was $5,500. The loss on the sale was $2,000. The loss on the sale was $7,500. The gain on the sale was $5,500. True or false? Liabilities that are known to a company, but the amount is unknown, are called estimated liabilities. True False