Question: i need help on these two practice problems Financial information is presented below: Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of

i need help on these two practice problems

Financial information is presented below: Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold $ 53000 5000 5000 162000 92000 Gross Profit would be O $70000. o $75000. O $60000. $65000. Financial information is presented below: Operating expenses $ 60000 Sales returns and allowances 14000 Sales discounts 5000 Sales revenue 172000 Cost of goods sold 94000 The amount of net sales on the income statement would be O $153000. $172000. $167000 $158000

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