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Starbucks Corporation provided the following financial data for the month of February 2024: Total sales revenue: $2,500,000 Sales returns and allowances: $150,000 Sales discounts: $50,000

Starbucks Corporation provided the following financial data for the month of February 2024:

  • Total sales revenue: $2,500,000
  • Sales returns and allowances: $150,000
  • Sales discounts: $50,000
  • Cost of goods sold: $1,500,000
  • Operating expenses: $500,000
  • Other expenses: $100,000
  • Income tax expense: $200,000

Calculate the net sales, gross margin, operating income, and net income for Starbucks Corporation for February 2024. 

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