The following data were taken from the year- end records of Nomura Export Company:

Required:
Fill in all of the missing amounts. Show computations.

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Statement of Earnings Items Gross sales revenue Sales returns and allowances Net sales revenue Cost of sales Gross profit Operating expenses Eamings before income taxes Income tax expense (20%) Net eamings Eanings per share (10,000 shares outstanding) Year 1 $160,000 ear $232,000 18,000 68% 30% 18,000 20,000 240