Exercise 5-11
Calculating income statement components L01,5
Referring to Exhibit 5.15 (Single Step Income Statement -Perpetual) calculate the missing amounts (round to two decimal places).
I have the solution manual for this course I just do not understand how they got their numbers
	Company A			Company B
	2020	2019		2020	2019
Sales	$263,000.00	$187,000.00		?	$48,500.00
Sales Discount	$2,630.00	? 1350.00		$1,200.00	$570.00
Sales Return and Allowance	?	$16,700.00		$6,200.00	? 2430.00
Net Sales	?	$168,950.00		?	$45,500.00
Cost of Goods Sold	$157,100.00	?		$57,700.00	?
Gross Profit from Sales	$51,700.00	?		$49,100.00	$22,100.00
Selling Expense	$18,620.00	$19,700.00		$25,700.00	?
Administrative Expenses	$26,300.00	?		$30,400.00	$9,700.00
Total Operating Expenses	?	$47,400.00		?	?
Profit (Loss)	?	$15,100.00		?	$2,700.00
Gross Profit	?	?		?	?
solve ?