Question: Presented below is financial information for two different companies. Determine the missing amounts. Chan Lee Company $90,000 Company Sales Sales returns Net sales Cost of

Presented below is financial information for two different companies.

Determine the missing amounts.

Chan Lee Company $90,000 Company Sales Sales returns Net sales Cost of goods sold Gross profit Operating expenses Net income 5,000 81,000 56,000 95,000 41,500 15,000 8 15,000

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