Radu is a global manufacturer of automotive parts. The annual reporting period ends Dec. 31. Below find balances for all of its income statement accounts in alphabetical order. All accounts have usual normal balances in USD. Bad Debt Expense * 100 Cost of Goods Sold 33,000 Income Tax Expense 3,500 Interest Income and Other Non-operating Revenues 200 Other Operating Expenses 500 Sales Revenue 50,000 Selling and Administrative Expense 4,700Prepare a statement of income and determine the following:a. What is the dollar amount of the gross profit? b. What is the dollar amount of the income from operations? c. What is the dollar amount of the income before income tax? d. What is the dollar amount of the net income?
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