For the year ended December 31, 2020, Stay Clean Sanitizers Ltd. has the following information on its
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Question:
For the year ended December 31, 2020, Stay Clean Sanitizers Ltd. has the following information on its Income sheet.
| Description | Amount |
| Operating Expenses | $ 14,000.00 |
| Sales Returns | $ 3,000.00 |
| Gross Sales | $ 50,000.00 |
| Income taxes | $ 5,000.00 |
| Sales Discounts | $ 7, 000.00 |
| Cost of goods sold | $ 10,000.00 |
Note: Enter only the number with 2 decimal places. Do not add the $ sign.
1. The Net sales for the business is
2. The Gross Profit for the business is
3. The Net Income before taxes for the business is
4. The Net Income after taxes for the business is
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