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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

 

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: ?

What was the income tax expense?

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