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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) Data
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click the icon to view the Income Statements) Data Table Net Sales Revenue Corrigan, Inc. Lee Supply 5 98,000 Cost of Goods Sold Corrigan, Inc. Lee Supply Beginning Merchandise Inventory $ 31.000 Net Sales Revenue $ 98,000 $(d) Purchases and Freight In 49.000 Cost of Goods Sold Cost of Goods Available for Sale 88,000 Beginning Merchandise Ending Merchandise Inventory (1,800) (1.000) Inventory (a) 31,000 49,000 Cost of Goods Sold 62.000 Purchases and Freight In (e) Gross Prof 36.000 111,000 Cost of Goods Available for Sale (0) 88,000 (1,000) (1.800) Selling and Administrative Expenses 84,000 Ending Merchandise Inventory $ 11.000 Operating Income Cost of Goods Sold 62.000 10 Enter any number in the edd fields and then continue to the next question Gross Profit Selling and Administrative Operating Income 36,000 111.000 (e) 84.000 11.000 $(0) - X
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