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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 Statements.) Lee Supply

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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 Statements.) Lee Supply 99,000 $ 48.000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight in Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income (2.000) 62,000 37,000 S 14,000 Data Table Laura's Bakery Lee Supply $ 99,000 $ (d) Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory (a) 31,000 (e) 48,000 Purchases and Freight In Cost of Goods Available for Sale (b) 88,000 (2,000) (2,000) 62,000 (0) Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses 37,000 112,000 (c) 14,000 84,000 $ (9) $ Operating Income

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