Question: QS 4-17 (Algo) Computing missing amounts using income statement relations LO P4 Compute the missing amounts in the separate (partial) income statements A, B, and

QS 4-17 (Algo) Computing missing amounts using income statement relations LO

QS 4-17 (Algo) Computing missing amounts using income statement relations LO P4 Compute the missing amounts in the separate (partial) income statements A, B, and C. B C Sales 60,000 $ Sales discounts 900 130,000 6,000 11,000 3,500 8,000 55,000 Sales returns and allowances Net sales 22,500 18,000 Cost of goods sold Gross profit 17,000 31,000

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