Two items are omitted in each of the following four lists of income statement data. Determine the
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$475,000 $700,000 $1,000,000 (g) 7,500 11,500 Sales Sales returns and allowances Sales discounts Net sales Cost of merchandise sold Gross profit 100,000 18,000 10,000 448,000 40,000 910,000 350,000 400,000 120,000 180,000 286,500
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a 17000 475000 10000 448000 b 268000 448000 18...View the full answer
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