Paid $ 2,800 cash on accounts payable. Recognized revenue of $ 7,500 of which $ 4,000 is collected in cash and the Purchased additional equipment for $2,000, paying $ 400 in cash and the bal Paid salaries $2,800, rent for August $ 900, and advertising expenses $ 400. Withdrew $ 700 in cash for personal use. Received $2,000 from Standard Federal Bank-money borrowed on a note pa Incurred utility expenses for month on account $ 270. 1 6 SEP 7 -/8 E Question 1 of 10 View Policies Current Attempt in Progress Presented here are the components in Concord Company's income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income $ $84.000 $39.200 $19,040 $96,320 $66,080 $53.760 Attempts: 0 of 1 used Sutinit Answer Save for Later Last saved 20 minutes ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes 25