Consider the following partially completed income statements for merchandising companies and compute the missing amounts:

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		Flynt Corp.
Net Sales Revenue		$98,000
Cost of Goods Sold:
	Beginning Merchandise Inventory
	Purchases and Freight In	52,000
	Cost of Goods Available for Sale
	Ending Merchandise Inventory	(1,900)
	Cost of Goods Sold	58,000
Gross Profit		40,000
Selling and Administrative Expenses
Operating Income		$15,000

	Boswell, Inc.
	$30,000
	91,000
	(1,900)
	115,000
	85,000