Question: 2 Compute the missing amounts in the separate (partial) income statements A, B, and C. 3 4 $20,000 500 5 Sales 6 Sales discounts 7

2 Compute the missing amounts in the separate (partial) income statements A, B, and C. 3 4 $20,000 500 5 Sales 6 Sales discounts 7 Sales returns and allowances Net sales 9 Cost of goods sold 10 Gross profit 11 $90,000 2,000 7,000 1,500 4,000 35,000 8 9 16,500 14,000 $13,000 $21,000

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