Study the 2010 (not 2011) income statement of Household Imports, Inc., and answer these questions…

Study the 2010 (not 2011) income statement of Household Imports, Inc., and answer these questions about the company:1. How much gross profit did Household earn on the sale of its products? How much was income from continuing operations? Net income?2. At the end of 2010, what dollar amount of net income would most sophisticated investors use to predict Households net income for 2011 and beyond? Name this item, give its amount, and state yourreason.
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Study the 2010 not 2011 income statement of Household Imports