this is from retail marketing

Skeletal statements help us better understand the relationship between sales volume, cost of merchandise sold and expenses which are the basic factors found in an income statement. True False Question 3 (1 point) Given the following data what is the cost of Goods Sold in dollars? Gross sales is $120.00.00; customer returns is $18, 562.00; Gross margin is $45, 220.00; and profit is $4,000.00 $56, 218.00 $41, 220.00 O $74.780.00 O $21,856.00 Question 4 (1 point) Given the following data what is the profit in dollars$? Net sales $14,000.00; Cost of Goods sold $7.200.00; Expense $5.900.00: Expense percent 38%. $900.00 $1,300.00 $15.526.00 $8,326.00