Exercise 5-11 Calculating income statement components LO1, 5 Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) 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 $ 2023 Company A 248,000 2,480 149,600 50,200 17,120 24,800 % $ 2022 172,000 15,200 154,900 18,200 44,400 13,600 % 2023 Company B 1,100 4,700 56,200 47,600 24,200 28,900 % $ 2022 41,000 420 38,000 17,600 8,200 1,200 %