Calculate the missing information based on the format of the income statement: $$\begin{array} { l l l l l }
& \text { Cost of } & \text { Gross } & \text { Operating } \
\text { Net Sales } & \text { Goods Sold } & \text { Margin } & \text { Expenses } & \text { Net Profit } \
\$ 1,320,500 & & \$ 506,200 & \$ 418,500 &
\end{array}$$

Question

Calculate the missing information based on the format of the income statement: $$\begin{array} { l l l l l } 
& \text { Cost of } & \text { Gross } & \text { Operating } \
\text { Net Sales } & \text { Goods Sold } & \text { Margin } & \text { Expenses } & \text { Net Profit } \
\$ 1,320,500 & & \$ 506,200 & \$ 418,500 &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the missing information based on the format of the income statement: $$\begin{array} { l l l l l } 
& \text { Cost of } & \text { Gross } & \text { Operating } \
\text { Net Sales } & \text { Goods Sold } & \text { Margin } & \text { Expenses } & \text { Net Profit } \
\$ 1,320,500 & & \$ 506,200 & \$ 418,500 &
\end{array}$$

Calculate the Missing Information Based on the Format of the Income