Question: Presented below is financial information for two different companies. Determine the missing amounts. Sales revenue Sales discounts Sales returns Net sales Cost of goods sold

Presented below is financial information for two different companies. Determine the missing amounts. Sales revenue Sales discounts Sales returns Net sales Cost of goods sold Gross profit Operating expenses Income from operations Other revenues (expenses) Net income Skysong Company $185,000 $ 2,500 176,000 112,640 46,500 4,500 4 Sheridan Company 3,000 5,500 205,000 79,950 52,500 50,000
 Presented below is financial information for two different companies. Determine the

Presented below is financial information for two different companies. Determine the missing amounts

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