Use the following to answer questions 27-34 The company reports the following amounts in its December 31, 20XF income statement: Sales Net sales $910,000 Advertising expense $50,000 900,000 Salaries expense 250,000 income tax expense 30,000 Cost of goods sold 412,000 Sales returns 10,000 Utilities expense 12,000 Gain on sale of equipment 10,000 Average shares outstanding 50,000 27. profit: 28. S expenses: 29. $ Determine Determine Income before income taxes. Determine gross operating (IBT): 30. Determine net income: 31. %. Calculate gross profit ratio (one - decimal place) 32. %. Calculate the profit margin (one decimal place) 33. $ places) 34. $ Calculate Earnings per Share (two decimal If ending inventory consisted of $45,000 and beginning inventory was $36,000 how much inventory was purchased during the year?