Exercise 5-11 Calculate the figures left blanks. $238,000 $180.000 $45,000 Sales Sales discounts Sales returns and allowances Net sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profit (loss) Gross profit ratio 2,560 1.100 500 16,0005,600 $163,000 S $42,000 $20,000 $ 51,000S 17.920 $ 48,400 19,00025,000 $46,000 S $14,400 $ 2,000