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Given the following financial data calculate the following (show all calculations):

1. Gross profit/margin
2. Operating income
3. Earnings before taxes
4. Income taxes
5. Net income

Tax rate	20%
Cost of Goods Sold	$345,750
Cash	$112,340
Depreciation expense	$46,900
Accounts receivable	$85,550
Interest expense	$37,000
Retained earnings	$215,760
Sales	$780,890
Selling, Gen, Admin expenses	$175,000
Dividend per share	$1.25
Accounts payable	$64,540
Retained earnings	$457,800