Poly folder with 2 pockets Folder de polister con 2 bolsillos 110mmSiendo . 3 hole punch w ine 1609 Use the following to answer questions 23 - 30 PMI Corp. reported the following income statement results: Sales Sales returns & allowances Gross profit Operating expense Gain on sale of equipment Net income $800,000 2,000 344,700 215,300 4,000 94,900 23. 5. Calculate Net sales Calculate Cost of Goods Sold Calculate operating income Calculate Income before income tax (IBT) Calculate income tax expense _ __%. Calculate the gross profit margin (one decimal place) _ _ %. Calculate the profit margin (one decimal place) _Assume the company had a loss (instead of the gain) on the sale of equipment of $2,000; determine IBT