Question: Compute the following amounts for the income statement. Do not use negative signs in your answers. Kelly's Antiques Kandles Galore Sales 121000 40,000 Cost of

Compute the following amounts for the income statement. Do not use

Compute the following amounts for the income statement. Do not use negative signs in your answers. Kelly's Antiques Kandles Galore Sales 121000 40,000 Cost of goods sold Gross margin 19300 Selling expenses 13,500 4,000 16,100 General and Admin.expenses 1000 Net income before tax 49700 Income tax expense 1,200 Net income 40100

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