The following information is given to you relating to the operations of PrincehallCorporation:

The income tax rate is 40%.

Net sales $11,862

Cost of sales 8,321

Gross margin ?

Selling, general, and administrative expenses $ 2,743

Depreciation, amortization, and asset write-offs 278

Total operating expenses: ?

Income from operations : ?

Interest expense 91

Interest and other income 11

Earnings before income taxes: ?

Income taxes ?

Net earnings: ?

1. Calculate the Gross Margin

2. Determine the total operating expenses

3. Calculate the income from operations

4. Determine the earnings before taxes

5. What was the income tax expense

6. Determine the net income of the company.