The Following Amounts Are on the Bear Sporting Goods Worksheet

Short Answer

The following amounts are on the Bear Sporting Goods worksheet for the month ended October 31.
Required: Calculate the following:
a. Net sales
b. Gross profit
c. Operating expenses
d. Other revenue
e. Net income
$$\begin{array} { l c r } \text { Account } & { \text { Income Statement } } \\& \text { Debit } & \text { Credit } \\\text { Sales } & & 45 \\\text { Sales Returns and Allowances } & 6 & \\\text { Sales Discounts } & 2 & \\\text { Cost of Goods Sold } & 23 & \\\text { Salaries Expense } & 4 & \\\text { Rent Expense } & 3 & \\\text { Depreciation Expense } & 1 & \\\text { Interest Expense } & 1 & \\\text { Interest Revenue } & & 1\end{array}$$