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I. Supply the missing dollar amounts for the 2019 income statement of Star Company. Income Statement Items Sales revenue, gross Sales discounts Sales returns& allowances

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I. Supply the missing dollar amounts for the 2019 income statement of Star Company. Income Statement Items Sales revenue, gross Sales discounts Sales returns& allowances $270,000 (6,000) (14,000) Net sales Cost of goods sold Gross profit (30% of net sales) Operating expenses Income from operations Other income (interest income) 0 Pretax income 30 Income tax expense (20% tax rate) Net income EPS (10,000 shares outstanding) Answers (h)-24 X 1400 0 75 (e)

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