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Presented here are the components in Cullumber Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Oper $ 75,020
Presented here are the components in Cullumber Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Oper $ 75,020 $ (6) $31.100 $ Year 1 Year 2 Year 3 $112.400 $72,800 $ (c $ $ (a) $72.240 $116,040 (a) (b) On March 2, Sunland Company sold $885,600 of merchandise to Blossom Company, terms 2/10, 1/30. The cost of the merchandise sold was $519,500. On March 6, Blossom Company returned $110,200 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,000 On March 12, Sunland Company received the balance due from Blossom Company, (c) Date Debit Credit Account Titles and Explanation Accounts Receivable March 2 385.600 I 519.500 Inventory (To record sale of merchandise) March 2
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