Question: Brief Exercise 5-02 Presented here are the components in Larkspur, Inc.'s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit

 Brief Exercise 5-02 Presented here are the components in Larkspur, Inc.'s

Brief Exercise 5-02 Presented here are the components in Larkspur, Inc.'s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Year 1 $ 71,430 $ (b) $ 34,300 $ Net Income $15,710 (d) Year 2 $108,700 $70,100 (c) (e) $31,460 Year 3 (a) $ 76,550 $110,750 $50,510 (f) $

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