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

Laura's Bakery Jones, Inc. 102,000 $ 28,000 48,000 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 (1,800) (1,800) 60,000 42,000 116,000 87,000 15,000