Use the following to answer questions 23 - 30 PMJ Corp. reported the following income statement results: Sales Sales returns & allowances Gross profit Operating expense Gain on sale of equipment Net income $945,700 5,700 430,000 310,000 6,000 102,500 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 %. Calculate the gross profit margin (one decimal place) _%. Calculate the profit margin (one decimal place) 30. $ __Assume the company had a loss (instead of the gain) on the sale of equipment of $3,000; determine IBT