Use the following to answer questions 27-34 The company reports the following amounts in its December 31, 20XF income statement: Sales Gain on sale of equipment income tax expense Cost of goods sold Utilities expense $1,005,000 Advertising expense 10,000 Net sales 30,000 Salaries expense 435,000 Sales returns 14,000 Average shares outstanding $100,000 985,000 295,000 20,000 100,000 27. $ Determine gross profits 28. S Determine operating expenses 29. $ Determine Income before income taxes (IBT): 30. S. Determine net income 31. 96. Calculate gross profit ratio (one decimal place) 32 96. Calculate the profit margin (two decimal places) 33. $ Calculate Earnings per Share (rounded to two decimal places) 34. $ Jf ending Inventory consisted of $36,000 and beginning inventory was $41,000 how much Inventory was purchased during the year