equirements 1. Supply the missing income statement amounts for each of the companies 2. Propare the income statement for Gerald Company for the year ended December 31,2016 Use the cost-of goods sold model to compute coot of goods sold Geralds operating and other expenses for the year were 538 000 I Requirement 1. Supply the missing inceme statement amounts for each of the companies Beginning NetEnding Cost of Gross Company Net Sales Inventory Purchases Ieventory Goods Sold Profit 26,000 s 58,000$ 21,000 $ 63,000 $ 45.000 45,000 108.000 Gerald Evans Franklin Thomas 93,000 95,000 .000,-. 23,000 7,000 140,000 34,000 91,000 31,00059000 24,000 33 000 7.003800 000 8,000 12.000