Part A. The following information is available for Entity A: Sales revenue

[answerhappygod]

Part A. The following information is available for EntityA:
Salesrevenue $945,000
Sales returns andallowances 14,500
Salesdiscounts 8,100
Cost of goodssold 477,000
Operatingexpenses 182,000
Interestexpense 1,200
Loss on sale of land held forinvestment 4,200
Dividendrevenue 6,600
Instructions
1. Use the aboveinformation to prepare a multiple-step income statement for theyear ended December 31, 2023. Please look at Illus. 5.12 inthe text for an example. The income tax rate is30%. Check figures: Income from operations is$263,400. Net income is $185,220.
2. Compute the profitmargin and the gross profit rate. Show and labelcalculations.
3. Suggest at least three waysthese measures might be materially improved and net incomeincreased. Be sure to consider the relationship betweennet sales, cost-of-goods-sold and gross profit.
Part B: Entity B sold Entity C $15,000 of merchandise,terms 2/10, net 30. Entity B paid $5,000 for themerchandise.
Instructions
1. Journalize the sale on Entity B's books.
2. If Entity C returned $3,000 of the merchandisepurchased, and paid for the remainder in 9 days from the date ofthe sales invoice, how much did Entity C remit to Entity B?You must show any calculations.