View Policies Current Attempt in Progress Chocolate Treats has the following account balances: Cost of goods sold $380,000 Rent expense $44,000 Depreciation expense 12,500 Salaries expense 56,000 Insurance expense 3,100 Sales 555,000 Interest expense 11,500 Sales discounts 5,800 Interest revenue 8,300 Sales returns and allowances 17,500 Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales, (b) gross proft, (c) operating expenses, (d) profit from operations, and (e) profit. 5C A OF ENG Question 12 of 14 -75 ! Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales. (b) gross profit. (c) operating expenses, (d) profit from operations, and (e) profit. (a) Net sales 4 $ (b) Gross profit $ (c) Operating expenses $ (d) Profit from operations $ (e) Profit $ Save for Later Attempts: 0 of 1 used Submit