Question: I need help with the solutions This is the question This is what i need Income Statement Calculations O'Connor Company's income statement information for 2013
Income Statement Calculations O'Connor Company's income statement information for 2013 and 2014 (a sole proprietorship) is as follows: 2013 2014 Beginning inventory Sales Purchases Purchases returns and allowances Ending inventory Sales returns and allowances Gross profit Cost of goods sold Seling expenses Transportation-in General and administrative expenses Net income 210,000 130,000 7,000 62,000 4,000 b) 14,000 5,000 2,000 20,000 40,000 6,000 (0 9,000 100,000 120,000 36,000 5,000 43,000
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