BE5-1

Presented below are the components in Waegelain Company's income statement. Determine the missing amounts.

Sales

Cost of

Goods Sold

Gross

Profit

Operating

Expenses

Net

Income

(a) $75,000 $ $30,000 $ $10,800

(b) $108,000 $70,000 $ $ $29,500

(c) $ $71,900 $79,600 $39,500 $