Using the following information to answer the questions 7-10, BIZ Co. reports the following information for the year ended December 31, 2022. Sales revenue Cost of goods sold Advertising expense Sales salaries Administrative salaries Interest income Interest expense Dividends Cash $1,450,000 575,000 100,000 450,800 250,500 28,000 24,400 8,000 66,000 60,600 50,000 Accounts receivable Inventory Property, plant and equipment Accounts payable Notes payable Common stock 10,000 Retained earnings, Jan 1, 87,500 2022 350,200 85,000 275,000

Using the following information to answer the questions 710.BIZCo. reports the following information for the vear andar norember 31, 2022. Compute GROSS PROFIT for the year ended December 31, 2022 Question 8 Compute NET INCOME for the year ended December 31, 2022 Compute total STOCKHOLDERS' EQUITY on December 31, 2022 Question 10 Compute TOTAL ASSETS on December 31, 2022