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Griffin Company has the following account balances, extracted from its multiple-step income statement for the current year. Required: Compute the missing amounts. Sales $ 108,900

Griffin Company has the following account balances, extracted from its multiple-step income statement for the current year. Required: Compute the missing amounts. Sales $ 108,900 Sales Returns and Allowances 2,800 Sales Discounts 4,300 Net Sales 116,000 Cost of Goods Sold 45,100 Gross Profit 70,900 Selling Expenses 9,000 General and Administrative Expenses 0 Total Operating Expenses 0 50,100 Net Income

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