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On the income statement of a manufacturer or merchandiser, Sales - Cost of Goods Sold - ? Income Before Taxes o Operating Income Net Income

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On the income statement of a manufacturer or merchandiser, Sales - Cost of Goods Sold - ? Income Before Taxes o Operating Income Net Income Gross Profit The Accounts Receivable Aging Analysis for Harrison, Corp appears below. Days Outstanding 1-30 days 31-60 days 61-90 days Over 90 days 72,000 55,000 21,000 5,200 Accounts Receivable Estimated Uncollectible Percentage: 1% 1.5% 6% 11% Before the year-end adjustment entry, the balance in the allowance for uncollectible accounts is $3,000 credit. Using the aging-of-receivables method, the uncollectible account expense adjusting entry amount is: O 377 0 2,623 O 3,377 6,377 Conundrum, Inc. is a merchandiser that sells fidget spinners. During 2021, Conundrum had Sales Revenue of $250,000, Cost of Goods sold of $175,000, and purchased inventory of $60,000. What is total gross profit on Conundrum's 2021 income statement? 135,000 15,000 175,000 75,000

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