Use the following to answer questions $23-30$

The company reported the following income statement results:

$

$

$

$

$

Calculate Net sales

Calculate Cost of Goods Sold

Calculate operating income

Calculate Income before Income tax $($IBT$)$

Calculate income tax expense

$\%.$ Calculate the gross profit margin $($one

decimal place$)$

$\%.$ Calculate the profit margin $($one decimal

Assume the company had a $$2,000$ LOSS

$($instead of the $$$15,000$ gain$)$ on the sale of equipment,

determine IBT.