Consider the following partially completed income statements for merchandising companies and compute the E (Click the icon to view the Income Statements) Corrigan, Inc. Laura's BakeryData Table Net Sales Revenue 98,000 Cost of Goods Sold Beginning Merchandise Inventony Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold 14,900 47,000 61,900 (1,900) 60,000 38 000 23,000 15,000 32,000 Corrigan, Inc. Laura's Bakery 98,000 S 88,000 Cost of Goods Sold (1 900) Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory 32,000 47,000 Gross Proft Selling and Administrative Expenses Operating Income 113,000 88,000 86,000 (1,900) 60,000 38,000 (1,900) 113,000 Gross Proit Selling and Administrative Expenses Operating Income 86,000 15,000 s Print Done Enter any number in the edit fields and then click Check Answer All parts showing Clear All O Type here to search