Use the following to answer questions 23 - 30 JR Corp. reported the following income statement results: 99,200 Sales Sales returns & allowances Gross profit Operating expense Gain on sale of equipment Net income $998,200 18,200 390,040 294,700 15,000 84,280 23. 5940,000 Calculate Net sales 248569960. Catcutate Cost of Goods Sold 25. sas, 340 Calculate operating income 26. 110340calculate income before Income tax (1) 27. $ Calculate income tax expense 28 -* Calculate the gross profit margin (one decimal place) 29. Calculate the net profit margin (one decimal place) Assume the company had a loss on the sale of equipment of $10,000 instead of a gain; 30.5 determine IBT