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Presented here are the components in Sheffield Corp.'s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Year 1 $ 72,000 $

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Presented here are the components in Sheffield Corp.'s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Year 1 $ 72,000 $ (b) Year 2 $109,200 $72,800 Gross Profit $31,600 s (0) Operating Expenses (d) Net Income $11,160 $29,620 (e) Year 3 s $73,960 $112,750 $49,010 Click if you would like to Show Work for this question: Open Show Work

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