At the end of December 31, 2012, Centennial Company's accounts are as follows. Purchases $175,000 Salaries...

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At the end of December 31, 2012, Centennial Company's accounts are as follows. Purchases $175,000 Salaries 80,000 Advertising 3,000 Travel 2,000 Revenue 350,000 Finance costs 10,000 Freight-in 2,000 Income tax expense 13,000 Sales commission 2,000 Depreciation 38,000 Questions: 1) Cost of sales is. 2) Profit before taxes is 3) Total expenses are At the end of December 31, 2012, Centennial Company's accounts are as follows. Purchases $175,000 Salaries 80,000 Advertising 3,000 Travel 2,000 Revenue 350,000 Finance costs 10,000 Freight-in 2,000 Income tax expense 13,000 Sales commission 2,000 Depreciation 38,000 Questions: 1) Cost of sales is. 2) Profit before taxes is 3) Total expenses are