Current Attempt in Progress During March 2020. Crane Company generated sales revenues of $160000. The company's sales returns and allowances were $26500 and sales discounts were $5600. Crane' expenses and gains were as follows: cost of goods sold of $85000, operating expenses of $33600. interest expense of $4000 and a gain on the sale of equipment of $15400. The company's income from operations for the month is $37400. 59300 $41400. $50000 Current Attempt in Progress During March 2020. Ivanhoe Company generated sales revenues of $156000. The company's sales returns and allowances were $20000 and sales discounts were $4600. Ivanhoe expenses and gains were as follows: cost of goods sold of $88000, operating expenses of $34300, interest expense of $3700 and a gain on the sale of equipenent of $15000. The company's net income (loss) for the month is $27800 $20400. $(9600) $30000 View Policies Current Attemptin Progress If a company has sales revenue of $621000, net sales of $500000, and cost of goods sold of $386000, the gross profit rate is 38% 80x 62x 23% Coronado's Fashions sold merchandise for $36000 cash during the month of July. Returns that month totaled $1000. If the company's gross profit rate is 400 , Coronado's will report monthly net sales revenue and cost of goods sold of $36000 and $21000 $35000 and $21000 $35000 and 521600 $36000 and 521600 During August, 2020, Vaughn's Supply Store generated net sales of $59900. The company's expenses were as follows: cost of goods sold of $36500 and operatingepenses of $3700. The company also had rent revenue of $1000 and a loss on the sale of a dellivery truck of $1900. Vaghn's gross proht for August, 2020 is $18800 $20500. $19700 $23400