(d) E3.15 (L05) (Closing Entries) Presented below is financial information for two different companies Shabbona Company Jenkins Company Sales revenue $90,000 Sales returns and allowances (a) $ 5,000 Net sales 85,000 90,000 Cost of goods sold 56,000 Gross profit (b) 38,000 Operating expenses 15,000 23,000 Net income (c) 15,000 Instructions Compute the missing amounts