Exercise 5-11 Calculating income statement components LO1,5 Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Company A Company B 2020 2019 2020 2019 Sales Sales discounts $ 247,000 $ 171,000 $ 40,500 2,470 1,200 410 Sales returns and allowances 15,100 4,600 Net sales 153,950 37.500 Cost of goods sold 149,100 56,100 Gross profit from sales 50,100 47,500 17,300 Seling expenses 17.020 18.100 24,100 Administrative expenses 24,700 28,800 8,100 Total operating expenses 44.200 Proft (loss) 13,500 1,100 Gross profit ratio