Question: Exercise 5-14 Financial information is presented below for three different companies. Determine the missing amounts. Allen Cosmetics $90,000 Bast Grocery $ (e) Corr Wholesalers $122,000

 Exercise 5-14 Financial information is presented below for three different companies.

Exercise 5-14 Financial information is presented below for three different companies. Determine the missing amounts. Allen Cosmetics $90,000 Bast Grocery $ (e) Corr Wholesalers $122,000 Sales revenue Sales returns and allowances 5,000 12,000 Net sales 86,000 95,000 (1) (1) Cost of goods sold 56,000 Gross profit 38,000 24,000 Operating expenses 15,000 18,000 Income from operations (k) Other expenses and losses 4,000 7,000 Net income (d) 11,000 5,000 Click if you would like to Show Work for this question: Open Show Work

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