194
During October, 2011, Carol's Catering Company generated revenues of $13,000.Sales discounts totaled $200 for the month.Expenses were as follows: Cost of goods sold of $7,000 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 194
During October, 2011, Carol's Catering Company generated revenues of $13,000.Sales discounts totaled $200 for the month.Expenses were as follows: Cost of goods sold of $7,000 and operating expenses of $2,000.
Calculate (1) gross profit and (2) income from operations for the month.

194 During October, 2011, Carol's Catering Company Generated Revenues of $13,000.Sales