accounting
MANND1975Financial information is presented below for three different companies.
Determine the missing amounts.
Allen Cosmetics | Bast Grocery | Corr Wholesalers | |||||||
Sales revenue | $90,000 | $[removed] | (e) | $122,000 | |||||
Sales returns and allowances | [removed] | (a) | 5,000 | 12,000 | |||||
Net sales | 86,000 | 95,000 | [removed] | (i) | |||||
Cost of goods sold | 56,000 | [removed] | (f) | [removed] | (j) | ||||
Gross profit | [removed] | (b) | 38,000 | 24,000 | |||||
Operating expenses | 15,000 | [removed] | (g) | 18,000 | |||||
Income from operations | [removed] | (c) | [removed] | (h) | [removed] | (k) | |||
Other expenses and losses | 4,000 | 7,000 | [removed] | (l) | |||||
Net income | [removed] | (d) | 11,000 | 5,000 |
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