Exercise 5-11 Calculating Income statement components Page 404 LO1, 5 Referring to Exhibit 5-15, calculate the missing amounts (round to two decimal places). Company A Company I $263,000 $187,000 7 148 500 Sales discounts.. 1.200 Sales returns and allowances 10.200 6.200 108.930 4300 Cost of goods sold. 157-100 Gross profit from sales 51,7080 49.100 J,10 Selling expenses.. 15,620 19,700 25.700 Administrative expenses 26:100 10.40Q Total operating 47 400 expenses.. Profit (Jon).mmmmmm 15,100 7 3.700 Grom profit ratio. 2 Analysis Component: Company A and Company B are in similar industries. Comment on their comparative performances