Financial information is presented here for two entities: Bright Ltd Dull Ltd Sales $164,530 ? Sales returns ? $10,010 Net sales 148.140 196,770 Cost of sales 104,110 ? Gross profit ? 89,560 Operating expenses 31,820 ? Profit ? 43,020 Bright Ltd & Dull Ltd Bright Ltd Dull Ltd Sales $164,530 $ Sales returns (10,010) Net sales $148,140 $196,770 Net sales $148,140 $196,770 Cost of sales (104,110) Gross profit $ $89,560 Gross profit $ $ $89,560 Operating expenses (31,820) Profit $ $43,020