Compute the following amounts for the income statement. Do not use negative signs in your answers. Sales 133200 Antiques Galore 40,000 Cost of goods sold Gross margin 24600 Selling expenses 13,500 4,000 77H General and 16,100 4500 Admin.expenses Net income before tax 49700 Income tax expense 1,200 Net income 40100 777777 777 UUIIIPULU LIIU IUIIUI'III It, ullluulllu IUI II ID IIIwIIIU OIUIUIIIUIIL- \"U IIUL uuu IIUHULI'U t' Antiques Galore | Sales 133200 40,000 Cost of goods sold | Gross margin 15400 24600 Selling expenses 13,500 4,000 77H General and 16,100 4500 Admin.expenses Net income before tax 49700 16100 Income tax expense 9600 1,200 Net income 40100 14900 777777 777