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Use the following to answer questions 2330 The company reported the following income statement results: 23. Calculate Net sales 24.$ Calculate Cost of Goods Sold
Use the following to answer questions 2330 The company reported the following income statement results: 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 $2,000 Loss (instead of the $35,000 gain) on the sale of equipment, determine IBT. Use the following to answer questions 31 - 32 Last year the company had the following expenditures related to developing its trademark: During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the trademark. Management contends that all the costs increase the value of the trademark and, therefore, should be capitalized. 31. Which of the above costs should NOT be capitalized? 32 \$ What is the total cost that should be capitalized to the trademark account
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