Question: Compute the following amounts for the income statement. Do not use negative signs in your answers. Kelly's Kandles Antiques Galore Sales 133200 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 Kandles Antiques Galore Sales 133200 40,000 Cost of goods sold Gross margin 18500 Selling expenses 13,500 4,000 General and Admin.expenses 16,100 1000 Net income before tax 56800 Income tax expense 1,200 Net income 32300

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