Just really need some help understanding this please

I will rate!

Many thanks and God bless!!!

S16-7 (similar to) Consider the following partially completed income statements for merchandising companies and compute the missing amounts: 5 Click the icon to view the Income Statements.) Snyder Corp. $ 101,000 Net Sales Revenue Data Table 47.000 Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold (2,400) 59,000 Gross Profit 42.000 Selling and Administrative Expenses $ 14,000 Operating Income Snyder Corp. Corrigan, Inc. Net Sales Revenue $ 101,000 $ (d) Cost of Goods Sold: Beginning Merchandise Inventory (a) 29,000 Purchases and Freight In 47,000 Cost of Goods Available for Sale (b) (2,400) (2,400) Ending Merchandise Inventory Cost of Goods Sold 59,000 (0 90,000 42,000 111,000 Gross Profit Selling and Administrative Expenses 83,000 (c) 14,000 $ $ (9) Operating Income Print Done Done Enter any number in the edit fields and then click Check Answer. part remaining Clear All