Clipboard N25 Font Alignment for BCDEFGHIJ 15 Problem #2: The following information was extracted from the Stone Company's records: (6 points) Gross Sales $232,566 Gross Profit $87,990 Sales Discounts $1,125 (= 1/2% of Net Sales) Total Operating Expenses $88,440 Selling Expenses $33,560 NOTE: there is an amount here! SENEN Complete the following: Sales Less:Sales Discounts Less: Sales Returns & Allow. Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Gen, & Adm. Expenses Selling Expenses Total Oper. Expenses Net Income (Loss) R H Ready Problems *1 #3 FO Perpetual LIFO Perpetual Weighted Average Perpetual Problem #4