Question: QS 5-20 (Algo) Using income statement relations to compute missing amounts LO A1 Compute the missing amounts in the separate income statements A, B, and

QS 5-20 (Algo) Using income statement relations to compute missing amounts

QS 5-20 (Algo) Using income statement relations to compute missing amounts LO A1 Compute the missing amounts in the separate income statements A, B, and C. B Sales $ 21,500 $ 92,500 31,000 Cost of goods sold Gross profit Expenses 41,000 36,500 12,500 6,500 Net income $ 14,000 $ 22,000

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