KAT Productions reports the following amounts for the fiscal year: depreciation expense, $11,000; sales revenues, $100,000;...

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KAT Productions reports the following amounts for the fiscal year: depreciation expense, $11,000; sales revenues, $100,000; other expenses, $5,000; loss on sale of equipment, $1,000; marketing expense, $8,000; cost of goods sold, $78,000. Compute gross profit and operating income. Show your answer in the form of a multiple-step income statement. KAT Productions Income Statement For the year ended December 31, 2024 Gross profit Operating income KAT Productions reports the following amounts for the fiscal year: depreciation expense, $11,000; sales revenues, $100,000; other expenses, $5,000; loss on sale of equipment, $1,000; marketing expense, $8,000; cost of goods sold, $78,000. Compute gross profit and operating income. Show your answer in the form of a multiple-step income statement. KAT Productions Income Statement For the year ended December 31, 2024 Gross profit Operating income