The following information is available for O-QO Corporation for 2020: Inventories Raw Materials Work in Process Finished Goods January 1 $248,500 $316,750 $233,000 December 31 $273,250 $291,500 $261,000 Advertising Expense Depreciation Expense - Factory Depreciation Expense - Office Direct Labor Indirect Labor Materials Purchased Miscellaneous Expenses - Factory Office Salary Expense Property Taxes - Factory Property Taxes - Office Rent Expense - Factory Sales Sales Salaries Expense Supplies Expense - Factory Utilities Expense - Factory $60,750 $28,750 $24.000 $423,000 $51,250 $462.250 $9,000 $135,500 $15,000 $17,500 $21,000 $2.166,500 $133,000 59,750 $21.500 Input Code: 0 Answer: $ Question: When preparing an Income Statement, the amount of Net Income would be When preparing an Income Statement, the amount of Total General/Administrative costs would be When preparing an income Statement, the amount of Total Selling Costs would be When preparing an Income Statement, the amount of Gross Profit would be S $ $