K Consider the following partially completed income statements for merchandising companies and compute the missing amounts (Click the icon to view the Income Statements.) Net Sales Revenue Cost of Goods Sold: Jones, Inc. $ 101,000 Beginning Merchandise Inventory Purchases and Freight In 47,000 Cost of Goods Available for Sale Ending Merchandise Inventory (2,400) Cost of Goods Sold 63,000 Gross Profit 38,000 Selling and Administrative Expenses Operating Income $ 13,000