Question: Compute the missing amounts in the separate (partial) income statements A, B, and C. Sales Sales discounts Sales returns and allowances Net sales Cost

Compute the missing amounts in the separate (partial) income statements A, B, and C. Sales Sales discounts Sales returns and allowances Net sales Cost of goods sold Gross profit A B C $ 70,000 $ 46,000 $ 116,000 2,800 760 4,600 6,600 9,600 48,000 20,400 16,600 15,600 27,500
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