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Use the following to answer questions 27 - 34 The company reports the following amounts in its December 31, 20XF income statement: 27. Determine gross profit: 28. $ Determine operating expenses: 29. Determine Income before income taxes (IBT): 30. $ Determine net income: 31. \%. Calculate gross profit ratio (one decimal place) 32. \%. Calculate the profit margin (one decimal place) 33. $ Calculate Earnings per Share (rounded to two decimal places) 34. f ending inventory consisted of $44,000 and beginning inventory was $36,000 how much inventory was purchased during the year? Use the following to answer questions 27 - 34 The company reports the following amounts in its December 31, 20XF income statement: 27. Determine gross profit: 28. $ Determine operating expenses: 29. Determine Income before income taxes (IBT): 30. $ Determine net income: 31. \%. Calculate gross profit ratio (one decimal place) 32. \%. Calculate the profit margin (one decimal place) 33. $ Calculate Earnings per Share (rounded to two decimal places) 34. f ending inventory consisted of $44,000 and beginning inventory was $36,000 how much inventory was purchased during the year