Please answer the red boxes. The choices for two of the red boxes are shown on the last two pictures.

Exercise 5-9 (Part Level Submission) Presented below is information for Metlock, Inc. for the month of March 2019. Rent expense Cost of goods sold Freight-out Sales discounts $216,920 6,420 5,350 57,450 $33,880 8,030 12,250 388,260 Insurance expense Sales returns and allowances Salaries and wages expense Sales revenue Metlock, Inc. Income Statement For the Month Ended March 31, 2019 X Net Sales Sales revenue 388,260 Less Sales Discounts 8,030 Sales Returns and Allowances 12,250 20280 Net Sales 367980 Cost of Goods Sold 216,920 > Gross Profit / (Loss) 151060 Operating Expenses Operating Expenses Freight-Out 6,420 Insurance Expense 5,350 Salaries and Wages Expense 57,450 Rent Expense 33,880 Operating Expenses DO Net Income / (Loss) Retained Earnings, March 1 Gross Profit / (Loss) Operating Expenses Total Operating Expenses Retained Earnings, March 31 Sales Dividends Total Expenses Total Revenues Net Sales Net Income / (Loss) Total Revenues Net Sales Gross Profit / (Loss) Operating Expenses Total Operating Expenses Dividends Net Income / (Loss) Retained Earnings, March 1 Total Expenses Retained Earnings, March 31 Sales