Please answer the 3 red boxes.

Exercise 5-10 (Part Level Submission) In its income statement for the year ended December 31, 2019, Kingbird, Inc. reported the following condensed data. Interest revenue Operating expenses Cost of goods sold $ 736,070 1,314,300 74,650 Loss on disposal of plant assets Net sales $ 31,590 18,990 2,415,700 7,100 Interest expense Other comprehensive income Kingbird, Inc. Income Statement For the Year Ended December 31, 2019 Net Sales 2,415,700 Cost of Goods Sold 1,314,300 Gross Profit 1101400 Operating Expenses 736,070 Total Revenues 365330 Other Revenues and Gains Interest Revenue 31,590 $ Other Expenses and Losses Interest Expense 74,650 Loss on Disposal of Plant Assets 18,990 93640 218870 Net Income / (Loss)