Problem 24-48 (LO 24-2) (Algo) [The following information applies to the questions displayed below.] Falmouth Kettle Company, a U.S. corporation, sells its products in the United States and Europe. During the current year, selling, general, and administrative (SG\&A) expenses included: Falmouth had $12,480 of gross sales to U.S. customers and $3,120 of gross sales to European customers. Gross income (sales minus cost of goods sold) from domestic sales was $3,120 and gross profit from foreign sales was $1,040. Apportion Falmouth's SG\&A expenses to foreign source income using the following methods: Problem 24-48 Part a (Algo) a. Gross sales. (Do not round intermediate calculations.) Falmouth Kettle Company, a U.S. corporation, sells its products in the United States and Europe. During the current year. selling, general, and administrative (SG\&A) expenses included: Falmouth had $12,480 of gross sales to U.S. customers and $3,120 of gross sales to European customers. Gross income (sales minus cost of goods sold) from domestic sales was $3,120 and gross profit from foreign sales was $1,040. Apportion Falmouth's SG\&A expenses to foreign source income using the following methods: Problem 24-48 Part b (Algo) b. Gross income. (Do not round intermediate calculations.)