The next 4 questions rely on the following data Jimbob Co. Comparative Income Statement For the Second Quarter May April 4.500 $630,000 252.000 378,000 5.250 $735,000 294.000 441.000 June 6.000 $840,000 336.000 504.000 Sales in units Sales revenue Less cost of goods sold Gross Margin Less operating expenses Shipping expense Advertising expense Salaries and commissions Insurance expense Depreciation expense Total operating expenses Net income 56,000 70,000 143,000 9,000 42.000 320.000 $58,000 63,500 70,000 161,750 9,000 42.000 346.250 $94.750 71.000 70,000 180,500 9.000 42.000 372.500 $131.500 The next 4 questions rely on the following data Jimbob Co. Comparative Income Statement For the Second Quarter May April 4.500 $630,000 252.000 378,000 5.250 $735,000 294.000 441.000 June 6.000 $840,000 336.000 504.000 Sales in units Sales revenue Less cost of goods sold Gross Margin Less operating expenses Shipping expense Advertising expense Salaries and commissions Insurance expense Depreciation expense Total operating expenses Net income 56,000 70,000 143,000 9,000 42.000 320.000 $58,000 63,500 70,000 161,750 9,000 42.000 346.250 $94.750 71.000 70,000 180,500 9.000 42.000 372.500 $131.500