Please Answer: Exercise 5-14

Financial information is presented below for three different companies. Determine the missing amounts.

Allen Cosmetics	Bast Grocery	Corr Wholesalers
Sales revenue	$95,550	$	(e)	$126,100
Sales returns and allowances		(a)	5,890	12,840
Net sales	85,750	97,090		(i)
Cost of goods sold	55,890		(f)		(j)
Gross profit		(b)	39,950	26,000
Operating expenses	17,560		(g)	18,840
Income from operations		(c)		(h)		(k)
Other expenses and losses	3,310	7,250		(l)
Net income