Financial statement data for Delicious Dishes, Inc. are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2016 and use your constructed statement to answer the following 4 questions.

Advertising		3,485,100
Beginning of year inventory		6,451,200
Depreciation		2,475,000
End of year inventory		5,128,400
General and administrative expenses		2,147,800
Gross sales		78,456,900
Interest expense		412,500
Lease payments		946,200
Management salaries		14,258,600
Purchases		48,756,900
Research and development		1,024,900
Returns and allowances		1,045,300
Taxes		846,200

What was gross profit from income statement for the year ending December 31, 2016?

What was operating profit (i.e., EBIT) from Delicious Dishes income statement for the year ending

December 31, 2016?

What was profit before taxes (i.e., EBT) from Delicious Dishes income statement for the year ending December 31, 2016?

What was net income from Delicious Dishes income statement for the year ending December 31, 2016?