Use your knowledge of income statements to fill in the missing items below.
Answers:
	Enter the answers in blue shaded cells
	Sales	?
	COGS	575,000
	Gross profit	$1,600,000
	G&A expense	200,000
	Sales & Mkting expense	?
	Depreciation	50,000
	Operating income	?
	Interest	100,000
	Income before taxes	?	TIP: first determine Income before taxes and operating income
	Income taxes (30%)
	Net income	$700,000