Consider the following partially completed income statements for merchandising companies and compute the missing amounts: |(Click the icon to view the Income Statements.) Boswell, Inc. Laura's Bakery Net Sales Revenue $ 101,000 Cost of Goods Sold: 32,000 51,000 Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory 90,000 (1,900) (1,900) Cost of Goods Sold 58,000 Gross Profit 43,000 112,000 Selling and Administrative Expenses 84,000 11,000 Operating Income