2. (7pts) Construct a profit and loss statement using the following departmental figures and show the dollar amounts for net sales, total cost of goods sold, gross margin, expenses, and profit. Gross sales Customer returns and allowances Inward freight Workroom costs Opening inventory at cost Closing inventory at cost Purchases at cost Cash discounts Advertising Rent Salaries Miscellaneous expenses $92,500 $4,800 $2,150 $800 $17,500 $16,000 $36,900 5.0% $5,000 $12,500 $18,000 $2,800 Click here to enter text. 100% Click here to enter text. Net sales Cost of goods sold Gross margin Operating expenses Net profits Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text