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Please show me the calculations. One store's information is listed in the table below:
Please show me the calculations.
1. One store's information is listed in the table below:
Sales Returns $700
Rent Expense $1,288
Sales Discounts $950
Depreciation Expense $600
Cost of Merchandise Sold $7,600
Gross Sales $20,900
Advertising Expense $1,650
Salary Expense $2,900
Heat Expense $900
Using this information, calculate the store's:
(a) Net sales
(b) Gross profit
(c) Total operating expenses
(d) Net income
