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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.) - X

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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.) - X Corrigan, Inc. Data table Net Sales Revenue $ 99.000 Cost of Goods Sold: 48.000 Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit (1,900) 58,000 41,000 Corrigan, Inc. Rustic Gear Net Sales Revenue $ 99,000 $(d) Cost of Goods Sold: Beginning Merchandise Inventory (a) 30,000 48,000 Purchases and Freight In (e) Cost of Goods Available for Sale (b) 91,000 (1,900) Ending Merchandise Inventory (1,900) Cost of Goods Sold 58,000 (1) Gross Profit 41,000 112,000 Selling and Administrative Expenses (c) 84,000 $ 13,000 $ (9) Operating Income Selling and Administrative Expenses $ 13,000 Operating Income Print Done

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