Question 1 Which of the following belong on the income statement? price per unit cost per unit sales tax rate sales tax expense income tax expense interest expense revenue cost of goods sold net income operating income total assets total units sold Using the following assumptions, calculate net income (round to the nearest dollar): dollars paid by customer = $2500 (you must subtract sales tax to get revenue, 6% sales tax rate), cost of goods sold = $325, operating expenses = $400, interest expense = $25, income tax rate 30%, total assets = $1850 O $1633 $483 O $1126 0 $750 Variance is defined as the difference between actual and forecast results revenue minus expenses in the income statement a key ratio for measuring profitability none of the above