Question: Presented below are the components in Gates Company's income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit $30,000 Operating Expenses

Presented below are the components in Gates Company's income statement. Determine the missing amounts.

Sales Revenue Cost of Goods Sold Gross Profit $30,000 Operating Expenses Net Income $10,800 $29,500 (a) 75,000 (b) $108,000 (c)? $70,000 $83,900 $79,600 39,500

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