Question: please help. Its urgent Question 1 4 pts See BE5.2 on page 5-40 in your text and complete (b) and (c) using the formulas for

Question 1 4 pts See BE5.2 on page 5-40 in your text and complete (b) and (c) using the formulas for Perpetual Inventory System (b) Gross Profit [Select] (b) Operating Expenses (Select] (c) Sales Revenue Select] (c) Net Income [Select] b. $50,000 ? $115,000 $35,000 ? c. ? $110,000 $160,000 $29,000 ? Compute missing amounts in determining net income. BE5.2 (LO 1), AP The following are the components in Veasy Company's income statement Determine the missing amounts. Sales Cost of Gross Operating Revenue Goods Sold Profit Expenses Net Income a. $ 75,000 ? $28,000 $ 9,800 b. $108,000 $70,000 ? ? $29,500 ? $83,900 $79,600 $39,500 ? Journalize perpetual inventory entries. BE5.3 (LO 2, 3), AP Cha Company buys merchandise on account from Wirtz Company. The selling price of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory Back to page 5-49 alize the transaction on the books of both companies. Your mazu sutes transactions. ? C
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