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Pronghorn Lte Culver Ltd. $98,400 $ Sales Sales returns and allowances 5,000 Net sales 89,300 101,500 Cost of goods sold 59,300 Gross profit 39100 39,900

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Pronghorn Lte Culver Ltd. $98,400 $ Sales Sales returns and allowances 5,000 Net sales 89,300 101,500 Cost of goods sold 59,300 Gross profit 39100 39,900 Operating expenses 19,700 19400 18,000 Income from operations Other revenues Other expenses 750 0 1,800 Income before income tax 750 Income tax expense 2,300 Net income 12,500

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