Review the Financial Statements below and answer the questions: 100 points ( Best out of 5) Basic Industries Income Statement for year ending 12l31f20XX Sales revenue 356.428 Less cost of goods sold 105,200 Gross margin 251,228 Less operating expenses Marketing 30000 Sales and administrative 30,000 Depreciation 10,000 Total operating expenses Y0.000 Operating income '181.228 Less interest expense 6,000 Income before taxes T228 Income tax expense 40.000 Net income 135.228 Basic Industries Partial Balance Sheet for 1231120)O( CunentAssefs Cash 5 52,400.00 Accounts receivable $ 11,300.00 Inventory $ 15,600.00 Tote;l current assets $79,300.00 1. State the sales revenue 2. State total operating expenses 3. How much is paid in Income tax Expense 4. What is the cash balance? 5. How much do our customers owe us? 6. State the net Income