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! Required information [The following information applies to the questions displayed below.] Below are amounts found in the income statements of three companies. Company Henry

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! Required information [The following information applies to the questions displayed below.] Below are amounts found in the income statements of three companies. Company Henry Grace James Sales Revenue $36,000 39,000 44,000 Cost of Goods Sold $ 12,600 26,130 25,960 Operating Expenses $ 5,200 13,300 3,200 Non-operating Expenses $2,200 7,200 0 Income Tax Expense $2,200 0 3,200 Required: 1. For each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income. (Negative amounts should be indicated by a minus sign.) Gross Profit Operating Income Income Before Income taxes Net Income / Loss Henry Grace James

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