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Qui24 2 Toys and Things Company Income Statement 2nd QTR '09 Sales 90000 Cost of sales 54000 Gross Profit #6 Operating Expenses Engineering Sales and

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Qui24 2 Toys and Things Company Income Statement 2nd QTR '09 Sales 90000 Cost of sales 54000 Gross Profit #6 Operating Expenses Engineering Sales and Marketing General and Admin. 3500 4000 6000 Total Operating Income #1 Income Taxes 6500 Net Income 2nd QTR L 8 Did you operate at a profit or a loss for this period ? Explain

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