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Given the following partial income statement information for Ellen's Office Supplies, determine the missing amounts and fill in the blanks. $40,000 (a) Sales Less: Sales

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Given the following partial income statement information for Ellen's Office Supplies, determine the missing amounts and fill in the blanks. $40,000 (a) Sales Less: Sales discounts Sales returns and allowances Net sales Cost of goods sold Gross profit Gross profit ratio 5,000 11,000 (b) 1 6,000 (c Short Answer Toolbar navigation B IVS E 3 11E A A 22

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