Exercise 5-14

Financial information is presented below for three different companies.

Determine the missing amounts.

Allen Cosmetics	Bast Grocery	Corr Wholesalers
Sales revenue	$90,850	$	(e)	$129,330
Sales returns and allowances		(a)	5,030	12,860
Net sales	86,290	96,040		(i)
Cost of goods sold	56,990		(f)		(j)
Gross profit		(b)	38,520	25,510
Operating expenses	17,830		(g)	18,250
Income from operations		(c)		(h)		(k)
Other expenses and losses	3,880	7,680		(l)
Net income		(d)	11,910	4,550