Assume Bicknell Company has the following account balances: Sales \(\$ 500,000\), Sales Returns and Allowances \(\$ 15,000\), Cost of Goods Sold \(\$ 340,000\), Selling Expenses \(\$ 70,000\), and Administrative Expenses \(\$ 40,000\). Compute

(a) net sales,

(b) gross profit, and

(c) income from operations.