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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.) Data Table

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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.) Data Table Corrigan, Inc. Jones, Inc. 99,000 Sales S $ 29,000 Jones, Inc. 99,000 Corrigan, Inc. $ (d) 50.000 S Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight in Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold 92.000 (2,100) (2.100) 63.000 (a) 50,000 29,000 le) Gross Profit 36.000 115,000 86,000 Sales Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight Cost of Goods Avallable for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income (b) (2,100) 92,000 (2,100) Selling and Administrative Expenses Operating Income S 13,000 63,000 () 36,000 115,000 86,000 (c) 13,000 (g) S $ Print Dane

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