Question: Presented below is financial information for two different companies. Compute the missing amounts. Sunland Company Coronado Company Sales revenue 88,720 (d) Sales returns and allowances

Presented below is financial information for two different companies. Compute the missing amounts. Sunland Company Coronado Company Sales revenue 88,720 (d) Sales returns and allowances (a) 4,850 Net sales 76,560 91,480 Cost of goods sold 52,220 (e) Gross profit (b) 37,320 Operating expenses 14,510 24,650 Net income (c) 12,670

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