Net Sales: $230,600
(Calculated as Sales Revenue – (Sales Returns and Allowances + Sales Discounts))
• Gross Profit: $137,000
(Calculated as Net Sales – Cost of Goods Sold)
• Operating Income: $94,800
(Calculated as Gross Profit – (Selling Expense + Administrative Expense))
• Net Income: $92,800
(Calculated as Operating Income – Interest Expense)
Let me know if you need further analysis!
