Question: View Policies Current Attempt in Progress Income statement information is presented here for two companies: (a) Calculate the missing amounts. Swifty Lte Blue Spruce Ltd.

 View Policies Current Attempt in Progress Income statement information is presented

View Policies Current Attempt in Progress Income statement information is presented here for two companies: (a) Calculate the missing amounts. Swifty Lte Blue Spruce Ltd. $98,200 $ Sales Sales returns and allowances 5,300 Net sales 89,200 98,700 Cost of goods sold 59,000 Gross profit 39,200 Operating expenses 19,400 18,300 Income from operations Other revenues Other expenses 0 820 0 2,200 Income before income tax Income tax expense 2.000 11.700 Net income

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