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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.) Rustic Gear

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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.) Rustic Gear 102,000 52,000 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 (2,100) 58,000 44,000 15,000 Operating Income - X Data Table Rustic Gear Jones, Inc. Net Sales Revenue $ 102,000 $(d) Cost of Goods Sold: Beginning Merchandise Inventory (a) 52,000 29,000 (e) Purchases and Freight In Cost of Goods Available for Sale (b) (2,100 91,000 (2,100) Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses 58,000 44,000 () 113,000 (c) 15,000 83,000 $(9) $ Operating Income

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