cosider ther following partially completed income statements for merchandising compamies and compute the missing amounts.

laura's bakery fit apparel

net sales revenue 99,000 (d)

cost of goods sold:

beginning merchandising inventory (a) 29,000

purchase and freight in 47,000 (e)

cost of goods available for sale (b) 92,000

ending merchandise inventory (1900) (1900)

cost of goods sold 60,000 (f)

gross profit 39,000 113,000

selling and administrative expenses (c) 86,000

operating income 15,000 (g)