Q11-12-13: During 2008, Salon Enterprises generated revenues of $60,000. The company's expenses were as follows: cost of goods sold of $30,000, operating expenses of $12,000 and a loss on the sale of equipment of $2,000. Q11: Salon's gross profit is a. $60,000. b. $30,000. c. $18,000. d. $16,000 Q12: Salon's income from operations is a. $60,000. b. $30,000. c. $18,000. d. $12,000. Q13: Salon's net income is a. $60,000. b. $30,000. c. $18,000. d. $16,000