Consider the following partially completed income statements for merchandising companies and compute the missing amounts: Jones, Inc.

Consider the following partially completed income statements for merchandising companies and compute the missing amounts:

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Jones, Inc. Corrigan, Inc. $ (d) Sales $ 99,000 Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold 29,000 50,000 92,000 (2,100) (2,100) 63,000 36,000 Gross Profit Selling and Administrative Expenses Operating Income 115,000 86,000 (g) $13,000