1. Use your knowledge of income statements and common-size statements to fill in the missing dollar amounts:Sales $2,876,200 100%
Cost of Goods sold fill in 74.7%
Gross Profit fill in 25.3%
General and administrative $250,000 8.7%
Selling and marketing $140,000 4.9%
Depreciation fill in 3.8%
Operating income $229,000 8.0%
Interest fill in 4.6%
Income before taxes $97,000 3.4%
Income taxes (25%) $24,250 0.8%
Net Income fill in 2.5%
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