Question: Presented below is financial information for two different companies. InstructionsCompute the missingamounts. Shabbona Company Jenkins Company (d) $ 5,000 Sales revenue Sales returns and allowances

Presented below is financial information for two different companies.

InstructionsCompute the missingamounts.

Shabbona Company Jenkins Company (d) $ 5,000 Sales revenue Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income $90,000 (a) 85,000 90,000 (e) 56,000 (b) 38,000 15,000 (C) 15,000

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