Presented here are the components in Sunland Company's income statement. Determine the missing amounts. Year 1...

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Presented here are the components in Sunland Company's income statement. Determine the missing amounts. Year 1 Year 2 Year 3 Sales Revenue $ $ 72,660 $108,500 (a) Cost of Goods Sold $ (b) $72,200 $73,190 Gross Profit $ $ 31,100 (C) $112,180 Operating Expenses $ $ $46,690 (d) (e) Net Income $ $13,290 $29,900 (f) Presented here are the components in Sunland Company's income statement. Determine the missing amounts. Year 1 Year 2 Year 3 Sales Revenue $ $ 72,660 $108,500 (a) Cost of Goods Sold $ (b) $72,200 $73,190 Gross Profit $ $ 31,100 (C) $112,180 Operating Expenses $ $ $46,690 (d) (e) Net Income $ $13,290 $29,900 (f)

Answer rating: 100% (QA)

Year 1 Cost of Goods Sold b We can find this by subtracting the Gross Profit from the Sales Re... View the full answer