Question: Need to find the missing amounts .7 , , . , y 816-7 (book/static) ' Consider the following partially completed income statements for merchandising companies

Need to find the missing amounts

Need to find the missing amounts .7 , , . , y

.7 , , . , y 816-7 (book/static) ' Consider the following partially completed income statements for merchandising companies and compute the missing amounts: a (Click the icon to view the Income Statements.) 0 Data Table Net Sales Revenue $ 101,000 Cost of Goods Sold: Smith, Inc. Allen, Inc. Beginning Merchandise Inventory |:' Net Sales Revenue 101,000 (d) Purchases and Freight In 50,000 Cost of Goods Sold: Cost of Goods Available for Sale |:] Beginning Merchandise Inventory (a) 29,000 Ending Merchandise Inventory (2,200) Purchases and Freight In 50,000 (6) Cost of Goods Sold 61.000 Cost of Goods Available for Sale (b) 89,000 Gross Prot 40'000 Ending Merchandise Inventory (2200) (2200) Selling and Administrative Expenses I: Cost of Goods Sold 61,000 (0 Operating Income Gross Prot 40,000 114,000 Selling and Administrative Expenses (0) 84,000 Operating Income 12'000 (g)

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