Financial Information for ABC for the year ended $2022.$

Information from the Balance Sheet

Cash & Equivalents $120,000$

Accounts Receivable $1,000,000$

Allowance for Doubtful Accounts $(50,000)$

Raw Material $300,000$

Work in Progress $60,000$

Finished Goods $200,000$

Prepaid Expenses $40,000$

Land & Buildings $1,250,000$

Machinery & Equipment $750,000$

Computer & Office Equipment $250,000$

Accumulated Depreciation $(800,000)$

Long$-$Term Investments $300,000$

Accounts Payable $450,000$

Accrued Payroll $80,000$

Income Taxes Payable $60,000$

Current Portion of Long$-$Term Debt $200,000$

Long$-$Term Debt $450,000$

Capital Stock $50,000$

Contributed Capital $1,750,000$

Retained Earnings $380,000$

Information from the Income Statement

Sales $600,000$

Cost of Sales $400,000$

Sales & Marketing Expenses $80,000$

General & Administrative Expenses $60,000$

Income Taxes $15,000$

Answer the Following

Gross Profit

Operating Income

Net income

Current assets

Total Fixed assets

Total Assets

Current Liabilities

Long$-$term Liabilities

Total Liabilities

Total Stockholders' Equity