Question: Presented below is financial information for two different companies. Determine the missing amounts Sales revenue Sales discounts Sales returns Concord Company Skysong Company $184,000

Presented below is financial information for two different companies. Determine the missing amounts Sales revenue Sales discounts Sales returns Concord Company Skysong Company $184,000 $ 212300 2,400 2,900 6600 i 5,400 204,000 Net sales 175,000 Cost of goods sold 107,625 122400 i Gross profit Operating expenses Income from operations Other revenues (expenses) Net income 67375 81,600 46,200 29400 i 21175 4,400 25575 52,200 2400 49,800
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