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Consider the following partially completed income statements for merchandising companies and compute the missing amounts: E: (Click the icon to view the Income Statements.) i
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: E: (Click the icon to view the Income Statements.) i Data Table Snyder Corp. Jones, Inc. 100,000 $ Jones, Inc. 100,000 Snyder Corp. $ 29,000 $ (d) 52,000 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 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory 29,000 93,000 (2,000) 52,000 (2,000) 59,000 Purchases and Freight In Cost of Goods Available for Sale 93,000 (2,000) 41,000 (2,000) 115,000 86,000 $ 15,000 Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income 59,000 41,000 (c) 115,000 86,000 15,000 Operating Income $ Consider the following partially completed income statements for merchandising companies and compute the missing amounts: E: (Click the icon to view the Income Statements.) i Data Table Snyder Corp. Jones, Inc. 100,000 $ Jones, Inc. 100,000 Snyder Corp. $ 29,000 $ (d) 52,000 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 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory 29,000 93,000 (2,000) 52,000 (2,000) 59,000 Purchases and Freight In Cost of Goods Available for Sale 93,000 (2,000) 41,000 (2,000) 115,000 86,000 $ 15,000 Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income 59,000 41,000 (c) 115,000 86,000 15,000 Operating Income $
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