Exercise 5-14

Financial information is presented below for three different companies.

Determine the missing amounts.

Financial information is presented below for three different companies. Determine the missing amounts. Allen Cosmetics Bast Grocery Corr Wholesalers Sales revenue $94,890 $ (e) $130,270 Sales returns and allowances (a) 5,280 12,500 Net sales 87,530 98,020 (i) Cost of goods sold 56,180 (f) (j) Gross profit (b) 40,440 Operating expenses 25,590 16,760 (g) 18,170 Income from operations (c) (h) (k) Other expenses and losses (l) Net income (d) 12,110 4,930 3,850 7,320