Required Information [The following Information applies to the questions displayed below.] Below are amounts found in the Income statements of three companies. Sales Cost of Company Revenue Goods Sold Operating Expenses Non-operating Income Tax Expenses Henry $22,000 $ 4,400 $4,500 $1,500 Expense $1,500 Grace James 25,000 18,500 7,500 3,500 30,000 19,800 2,500 2,500 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