PMJ Corp. reported the following income statement results: Sales $800,000 Sales returns & allowances 2,000 Gross profit | 344,700 Operating expense 215,300 Gain on sale of equipment 4,000 Net income 194,900 23. $ Calculate Net sales 24. $ Calculate Cost of Goods Sold 25. $ Calculate operating income 26. $ (IBT) Calculate Income before Income tax 27. $_ Calculate income tax expense 28. %. Calculate the gross profit margin (one decimal place) 29. _%. Calculate the profit margin (one decimal place) 30. $ Assume the company had a loss (instead of the gain) on the sale of equipment of $2,000; determine IBT