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 $50,000 53,000 58,000 Cost of Goods Sold $15,000 39,220 38,280 Operating Expenses $ 5,900 14,100 3,900 Non-operating Expenses $2,900 7,900 Income Tax Expense $2,900 3,900 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 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James