Use the following to answer questions 23 - 30 PJ Corp. reported the following income statement results: Sales Sales returns & allowances Gross profit Operating expense Gain on sale of equipment $975,000 15,000 408,960 275,100 25,000 110,400 Net income 23. $. Calculate Net sales 24.$. Calculate Cost of Goods Sold 25. $. Calculate operating income 26. $. Calculate Income before Income tax (IBT) 27. $. Calculate income tax expense 28. _%. Calculate the gross profit margin (one decimal place) 29. _%. Calculate the profit margin (one decimal place) 30. $ Assume the company had a loss on the sale of equipment of $10,000; determine IBT