10. Fill in the numbered spaces 1 - 9, in the following separate income statements, for non-related companies A through C.

A B C Answers

Sales (gross) $89,000 $103,000 (7)

Sales returns/allowances 6,300 (4) $4,850 1)...................

Sales discount 5,900 4,130 3,600 2)...................

Net sales (1) $ 94,800 $68,100 3)...................

Cost of sales:

Beginning inventory (2) 10,400 8,850 4)...................

Net purchases 45,550 (5) 48,900 5)....................

Goods available for sale 55,250 67,500 (8) 6)....................

Ending inventory 11,100 (6) 9,400 7)....................

Cost of sales (3) 58,166 49,350 8)....................

Gross profit 32,650 36,634 (9) 9)....................