Based on the following information to construct an income statement, what is the costs of goods sold amount? Sales = $1,230,000; General and administrative expense = $134,000; Selling and marketing expense = $159,000; Depreciation=$25,000; Interest expense = $141,000; Income tax rate = 28%, and net income is $65,250. O 549,625 O 546,000 O 680,375 O 684,000 Use your knowledge of income statements and common-size statements, what is the operating income amount in the common-size statement based on the information below? Income Common-size Statement Statement Gross profit $12,000,000 40% General and administrative expense $3,000,000 10% Selling and marketing expense $2,400,000 8% Depreciation $2,700,000 9% Interest $2,100,000 7% Income taxes (25%) $450,000 1.50% 08% O 16% 13% 10%