Calculate gross profit and income from operations

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Question - During October, 2020, Oriole's Catering Company generated sales revenue of $18,000. Sales discounts totaled $288 for the month. Expenses were as follows: Cost of goods sold of $8,216 and operating expenses of $2,704. Calculate (1) gross profit and (2) income from operations for the month.

Reference no: EM133140565

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