Question: Income Statement Amounts 5 points Determine the amounts for each letter in the table below: A, B & C. Round all amounts or percentages to

Income Statement Amounts 5 points Determine the amounts for each letter in the table below: A, B & C. Round all amounts or percentages to the nearest whole number. Label your answer A, B, C etc Sales $90,000 Sales discounts A Sales returns and allowances 5,000 Net sales 59,000 Cost of goods sold B Gross profit 27,000 Gross profit ratio C C

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