Missing Income Statement Amounts For each of the following cases, fi ll in the blank with the appropriate dollar amount.

Sara’s Amy’s Jane’s Coffee Shop Deli Bagels Net sales $35,000 $ $78,000 Cost of goods sold 45,000 00000 0 Gross profi t 7,000 18,000 00000 0 Selling expenses 3,000 9,000 General and administrative expenses 1,500 2,800 00000 0 Total operating expenses 8,800 13,600 Net income $ 2,500 $ 9,200 $25,400 AppendixLO1