Consider the following partially completed income statements for merchandising companies and co Click the icon to view the Income Statements) Data Table Fit Apparel Corrigan, Inc $ 98.000 Corrigan, Inc. 000 Fit Apparel $ 28.000 52,000 (a 52,000 28.000 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 88.000 (2.400) Not Sales Revenge 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 Pro Seling and Administrative Expenses (2.400) 60,000 (2.400 88.000 2.400 38,000 80,000 111,000 83,000 38.000 111,000 83.000 $ 14,000 14 000 Operating Income