Brief Exercises BE5-1 Presented below are the components in Miller Company's income statement. Deter- Compue missing anoun e the missing amounts. determining net income. (so 1) Operating Expenses Sales Revenue (a) $75,000 (b) $108,000 Cost of Goods Sold Gross Profit $30,000 Net Income $10,800 $29,500 $70,000 $83,900 $79,600 $39,500 BES-2 Brad Company buys merchandise on account from Murray Company. The selling price Jounalize perpetual ivn of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory enries systems. Journalize the transaction on the books of both companies. (S0 2, 3)