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Multi-Step Income Statement Below is the incomplete data for two separate income statements with missing amounts indicated by the gray blank spaces. Company A Income
Multi-Step Income Statement Below is the incomplete data for two separate income statements with missing amounts indicated by the gray blank spaces. Company A Income Statement #1 Company B Income Statement #2 $ 90,000 Sales Sales return and allowances 4,000 3,000 Net Sales 86,000 95,000 Cost of Goods Sold 56,000 Gross Profit 36,000 Operating Expenses 22,000 Income from Operations 18,000 Other Expenses and losses 4,000 7,000 Net Income $ 11,000 Question 33 (1 point) Calculate the missing amount for Company A Income Statement: Gross Profit Question 33 (1 point) Calculate the missing amount for Company A Income Statement: Gross Profit Question 34 (1 point) Calculate the missing amount for Company A Income Statement: Income from Operations Question 35 (1 point) Calculate the missing amount from Company A Income Statement: Net Income Question 36 (1 point) Calculate the missing amount from Company B Income Statement: Sales Question 37 (1 point) Calculate the missing amount Company B Income Statement: Cost of Goods Sold Question 38 (1 point) Calculate the missing amount Company B Income Statement: Operating Expenses Question 39 (2 points) Using the Income Statement information above. Calculate the Gross Profit Rate for the Income Statement #1. Show all work. Round final answer to 1 decimal place. Question 40 (2 points) Using the Income Statements above. Calculate the Gross Profit Rate for Income Statement #2. Show all work. Round final answer to 1 decimal place
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