REVIEW: Use the following to answer questions 28-32 T&J Corp reports the following income statement results: Gross profit Interest expense Sales discounts Net Sales Operating expense Effective tax rate $367,200 1,500 25,000 850,000 240,200 35% 28. $ 29. $ 30. $ 31. 32.7 Calculate Sales Calculate Income before Income tax (IBT) Calculate net income. % Calculate the gross profit margin (one decimal place) % Calculate the profit margin (two decimal places)