Use the following to answer questions 28 - 33

SC reports the following income statement results:

Sales	$777,000
Operating expense	375,000
Net income	99,000
Sales returns & allowances	7,000
Gross profit	500,000
Interest revenue	10,000

28. $____________Calculate Net sales:

29. $____________Calculate Cost of Goods Sold

30. $____________Calculate operating income

31. $_____________Calculate Income before Income tax (IBT)

32. ___ ___.___%. Calculate the gross profit margin (one decimal place)

33. __ ___.___%. Calculate the net profit margin (one decimal place)