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Presented below is financial information for two different companies. Compute the missing amounts. Sheffield Company Tamarisk Company Sales revenue 87,960 (d) Sales returns and allowances

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Presented below is financial information for two different companies. Compute the missing amounts. Sheffield Company Tamarisk Company Sales revenue 87,960 (d) Sales returns and allowances ( (a) 4,890 Net sales 86,200 102,570 Cost of goods sold 56,560 (e) Gross profit (b) 35,060 Operating expenses 16,190 25,290 Net income (c) 9.770

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