Homework: Chapter 16 Prep Work Question 4, S16-7 (simila... HW Score: 58.57%, 5.86 of 10 points Points: 0.86 of 2 Sau Part 2 of 2 Consider the following partially completed income statements for merchandising compel (Click the icon to view the Income Statements.) Data Table Laura's Bakery Snyder Corp 100,000 Snyder Corp $ 100.000 Laura's Bakery 5/07 $ 32.000 32.000 a) 48,000 93,000 (2.000) 93.000 (2.000) Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight in Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income (2.000) Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Purchases and Freight in Cost of Goods Available for Sale Ending Merchandise Invertory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income 17.000 48,000 65,000 (2.000) 63.000 37.000 22.000 15.000 63.000 37.000 110,000 85.000 110.000 000 $ 15.000 Print Done Check