Question: versed. (Omit explanations.) 8-8 Presented below is financial information for two different companies. Sales Sales returns Net sales Lee Company Chan Company $90,000 (d)

versed. (Omit explanations.) 8-8 Presented below is financial information for two different

versed. (Omit explanations.) 8-8 Presented below is financial information for two different companies. Sales Sales returns Net sales Lee Company Chan Company $90,000 (d) (a) $ 5,000 81,000 95,000 Cost of goods sold here 56,000 Gross profit Operating expenses Net income Instructions Determine the missing amounts. (e) (b) 41,500 15,000 (f) (c) 15,000 Shen

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