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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) Rustic Gear

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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) Rustic Gear Lee Supply 100,000 $ 30,000 49,000 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 93,000 (2.100) (2,100) 62,000 38.000 111,000 83.000 10.000

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