QUESTION 14 Use the following IS and balance shoots for ABC to calculate the gross profit margin for the year 2005 (and not 2006) ncome Statement Ending Dec. 31st 3,000,000 1,800,000 1,200,000 Net Sales 1,080,000 Gross Pront Marketing Exper 80,000 General Administrative (G&A Expenses 500,000 40.000 320,000 120,000 200,000 50,000 150,000 130,000 Taxes Net Income 130.000 70.000 Change in Retained Earnings 80,000 Chek Saze and Submit to save and submit. Click Save All Answers to save all ansuwers 8 3 4. 5 6