Which of the following multi-step income statement "formulas" is correct? Select one: O a a. Operating expenses - cost of goods sold = gross profit. O b. Net sales - gross profit = cost of goods sold Net sales - operating expenses = operating profit d. Profit - cost of goods sold = gross profit Gross profit - operating expenses = net sales O c. O e. Clear my choice Next pag A company has a May 31 year end. The total weekly salaries expense for all employees is $12,600. This amount is paid at the end of the day on Friday of each week with five working days. May 31 falls on a Wednesday this year, which means that the employees had worked three days since the last payday. The next payday is June 2. Debit to Salaries expense for 7560 Credit to Salaries Payable for 7560 Prepare the subsequent cash entry Debit to Salaries Payable for 2520 Debit to Supplies expense for 5040 Credit to Cash for 7560