During October 2020, Blondie's Catering Company generated sales revenue of $15,000. Expenses were as follows: Cost of goods sold of $7,900 and operating expenses of $2,600.
Calculate (1) gross profit and (2) net income for the month.

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The Answer of During October 2020, Blondie's Catering Company generated sales revenue of $15,000. Expenses were as follows: Cost of goods sold of $7,900 and operating expenses of $2,600.
Calculate (1) gross profit and (2) net income for the month.

During October 2020, Blondie's Catering Company Generated Sales Revenue of $15,000