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Advertising 412,800 Beginning of year inventory 357,800 Depreciation 37,600 End of year inventory 353,400 General and...

Advertising 412,800 Beginning of year inventory 357,800 Depreciation 37,600 End of year inventory 353,400 General and administrative expenses 368,400 Gross sales 8,465,900 Interest expense 147,800 Lease payments 124,900 Management salaries 1,475,300 Purchases 5,128,900 Research and development 125,400 Returns and allowances 218,300 Taxes 211,900

1. What was gross profit from income statement for the year ending December 31, 2017? 2. What was operating profit (i.e., EBIT) from Delicious Dishes income statement for the year ending December 31, 2017? 3. What was profit before taxes (i.e., EBT) from Delicious Dishes income statement for the year ending December 31, 2017? 4. What was net income from Delicious Dishes income statement for the year ending December 31, 2017?

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