During October, 2018, Red's Catering Company generated revenues of $14,000. Sales discounts totaled $200 for the month. Expenses were as follows: Cost of goods sold of $7,700 and operating expenses of $2,000.
Calculate (1) gross profit and (2) income from operations for the month.

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The Answer of During October, 2018, Red's Catering Company generated revenues of $14,000. Sales discounts totaled $200 for the month. Expenses were as follows: Cost of goods sold of $7,700 and operating expenses of $2,000.
Calculate (1) gross profit and (2) income from operations for the month.

During October, 2018, Red's Catering Company Generated Revenues of $14,000