Question: Presented below is financial information for two different companies. Determine the missing amounts. Sales revenue Sales discounts Sales returns Vaughn Company Tamarisk Company $194,000

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

Presented below is financial information for two different companies. Determine the missing amounts. Sales revenue Sales discounts Sales returns Vaughn Company Tamarisk Company $194,000 3,400 3,900 6,400 Net sales 185,000 214,000 Cost of goods sold 113,775 Gross profit 85,600 Operating expenses 49,200 Income from operations 55,200 Other revenues (expenses) 5,400 Net income 51,800

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