Question: Solve #a and #b. kindly show/ include your workings for every answer. I won't rate you up if you don't. Thank you! Management at InfoPad
Management at InfoPad gathered the following information for two of its customers. Sales Cost of goods manufactured Finished goods inventory (beginning balance) Finished goods inventory (ending balance) Cost of goods sold Gross margin Selling expenses Administrative expenses Operating income Customer 1 $2,000 A 200 300 B 600 100 400 Customer 2 $2,600 1000 D 400 1200 E 150 80 F Required: A) Solve for the missing amounts (A, B, C, D, E, and F). B) At the end of 2022, management at InfoPad gathered data for all of its customers for the entire year. Using the following information, prepare an Income Statement for 2022
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