XYZ company provided the following information Sales $43,500 Accounts payable 5,500 Selling expenses 10,000 Administrative expenses 3,000 Other revenues 7,000 Cost of goods sold 30,000 Cash 4,000 12,000 Other expenses Required: Calculate the following (SHOW YOUR CALCULATIONS) 1 Gross profit 2 Net income/ loss (note: specify whether the company had net income or net loss) For the toolbar, press ALT-F10 (PC) or ALT FN-F10 (Mac BIWS Paragraph Arial 10pt Click Save and Submit to save and submit Click Save All Anneers to sve all aners Ex Ix0 WORDS POWERED BY TY Seve and Submit