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Review the income statement data for each of the following companies: (Click the icon to view the data) 1. Supply the missing income statement amounts for each of the companies 2. Prepare the income statement for Gerald Company for the year ended December 31, 2016. Use the cost-of-goods-sold model to compute cost of goods sold. Geralds operating and other expenses for the year were $38,000. lgnore income tax. Requirement 1. Supply the missing income statement amounts for each of the companies Net Ending Cost of Gross Net Sales Inventory Purchases Inventory Goods Sold Profit Gerald vans Franklin Thomas 26,000 $ 58,000$ 21,000 $63,000 5000 32,000 23,000 7,000 $ 108,000 S 140,000 91,000 88,000 34,000 31,000 12.000 93,000 59,000 33,000 95,000 67,000 38,000 45,000 24,000 50,000 Requirement 2. Prepare the income statoment for Gerald Company for the year ended December 31, 2016. Use the cost-of-goods-sold model to compute cost of goods sold. Gerald's operating and other expenses for the year were $38,000. lgnore income tax. Gerald Company Income Statement Year Ended December 31, 2016 Cost of goods sold Cost of goods sold Net income (loss)