Chocolate Treats has the following account balances:
Cost of goods sold..........$385,000.....................Rent expense................$ 44,000
Depreciation expense..........13,200.....................Salaries expense...............55,000
Insurance expense...............3,300.....................Sales...........................561,000
Interest expense................11,000.....................Sales discounts..................5,500
Interest revenue..................8,800.....................Sales returns and allowances.16,500
Assuming Chocolate Treats uses a multiple-step income statement, calculate the following: (a) net sales, (b) gross profit, (c) operating expenses, (d) profit from operations, and (e) profit.