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

Jones, Inc. Rustic Gear Jones, Inc. Rustic Gear Net Sales Revenue $ 102,000 Net Sales Revenue $ 102,000 $ (d) Cost of Goods Sold: Cost of Goods Sold: $ 30,000 48,000 Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Beginning Merchandise Inventory Purchases and Freight In (a) 48,000 30,000 (e) 90,000 Cost of Goods Available for Sale (2,000) (2,000) (b) (2,000) 90,000 (2,000) Cost of Goods Sold 60,000 Ending Merchandise Inventory Gross Profit Cost of Goods Sold 42,000 60,000 (f) 113,000 87,000 Gross Profit Selling and Administrative Expenses 42,000 113,000 $ 14,000 Selling and Administrative Expenses Operating Income (c) 14,000 87,000 (g) Operating Income $