Question: E3-15 (L06) (Missing Amounts) Presented below is financial information for two different companies. Alatorre Company Eduardo Company Sales revenue $90,000 (d) Sales returns and allowances

E3-15 (L06) (Missing Amounts) Presented below is financial information for two

E3-15 (L06) (Missing Amounts) Presented below is financial information for two different companies. Alatorre Company Eduardo Company Sales revenue $90,000 (d) Sales returns and allowances (a) $ 5,000 Net sales 81,000 95,000 Cost of goods sold 56,000 Gross profit (b) 38,000 Operating expenses 15,000 23,000 Net income (c) 15,000 Instructions Compute the missing amounts

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