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Consider the following partially completed income statements for merchandising companies and compute the missing amounts (Click the icon to view the Income Statema This question:
Consider the following partially completed income statements for merchandising companies and compute the missing amounts (Click the icon to view the Income Statema This question: 2 polets possible Net Sales Revenue Cost of Goods Sold Previous question $ Corrigan, Inc. Laura's Bakery 100,000 Beginning Merchandise Inventory $ 30,000 Purchases and Freight in 52.000 Cost of Goods Available for Sale 90,000 Ending Merchandise Inventory (1,000) (1,900) Cost of Goods Sold 60,000 Gross Profit 40,000 113,000 Selling and Administrative Expenses 87,000 $ 15,000 Operating Income Su
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