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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 Table

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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 Table Laura's Bakery Net Sales Revenue $ 98,000 Lauras Cost of Goods Sold: Bakery Snyder Corp. 98,000 $(d) Net Sales Revenue S Beginning Merchandise Inventory Purchases and Freight In 51,000 Cost of Goods Sold: Beginning Merchandise Inventory Cost of Goods Available for Sale (a) 31,000 Ending Merchandise Inventory (2,300) Purchases and Freight In 51,000 (e) Cost of Goods Sold 60,000 Cost of Goods Available for Sale (b) 90,000 (2,300) Gross Profit 38,000 Ending Merchandise Inventory (2,300) Selling and Administrative Expenses Cost of Goods Sold 60,000 (0) $ 13,000 Operating Income 38,000 116.000 Gross Profit Selling and Administrative Expenses (c 87,000 $ 13,000 $ (9) Operating Income

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