Supply the missing income statement amounts for each of the following companies (amounts adapted, in millions):

Requirement
Prepare the income statement for Baker Company for the year ended December 31, 2012. Use the cost-of-goods-sold model to compute cost of goods sold. Baker€™s operating and other expenses, as adapted, for the year were $44,000. Ignore incometax.

Transcribed Image Text:

Cost of Gross Profit Net Ending Goods Net Sales Inventory PurchasesInventory Company Baker Lawson Ethan Paulus Sold $17,000 $106,000 137,000 21,000 26,000 $62,000 23,000 24,000 62,000 29,000 (d 44,000 54,000 29,000 82,000 8,000 (B) 33,000 h)