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S18-7 (similar to) Queston Help Carider the following parfially completed income statementh fer merchandising companies and compute the miosing amounts Ckk the lcon to view the Income Ststements) Data Table Lavea's Bakery Nat Sales avenue 98.000 Laars's Bakery Fynt Cop Cat of Goods Srid Bagiening Marchande Invantory Net Sales Reveue d Freight in 47,000 Cast of Good Sold 3.000 tegireing Mechandse Investoy Cest of Goods Avalable for Sale .300 Endeg Merchande inventary (190 Purchass and Freight in Cest of Goods Sold 4a 000 87 000 Cest of Goods Available for Sal (1.90 Gros Prat 4100m 1900) Endng Marchandsoe Inentory Selling and Adninishatve Expensas Cout of Good Sd 14,000 Operaing Income Gos Proft 11,000 Sling nd Adminttive Egees 3000 14 900 Opeig me Prn Done Erier anv number nthe ede Seds and then clck Check Amwer part remne Clear Al Check Answer Score: 0 of 1 pr $18-7(similar to) Consider the following partially completed income statements for merchandising companies and compute the missing amounts (Click the icon to view the Income Statements.) Data Table Laura's Bakery Net Sales Revenue 98,000 Cost of Goods Sold: Laura's Bakery Beginning Merchandise Inventory Flynt Corp. Purchases and Freight In Net Sales Revenue 47,000 08,000 (d) Cost of Goods Available for Sale Cost of Goods Sold: Ending Merchandise Inventory (1,000) Beginning Merchandise Inventory (a) 30,000 Cost of Goods Sold 58,000 47,000 (e) Purchases and Freight In Gross Profit 40,000 Cost of Goods Available for Sale b 87,000 Selling and Administrative Expenses Ending Merchandise Inventory (1.900) (1,900) $ 14,000 Openating Income Cost of Goods Sold 53,000 (0 Gross Profit 40,000 110,000 Seling and Administrative Expenses (c) 83,000 Operating Income 14.000 Print Done Enter any number in the edit fields and then click Check Answer part remaining Clear All