Problem: 2 The partially completed income statements for Marshal Advertising Co follow: Revenues: Sales Less: Sales Discounts Sales Returns and Allowances Net sales Cost of goods sold Gross profit from sales Operating Expenses: Advertising expense Insurance expense Rent expense Salaries expense Supplies expense Total operating expenses Income from operations 2020 Other revenues and expenses Interest expense Profit Marshal Advertising Co. Income Statement 150 260 220 40 1,400 $120,100 1,800 74,000 $44,300 5,170 140 (a) $300 4,000 (b) (c) 1,500 350 260 1,140 1,060 (d) Calculate the value for each missing item. 2021 4,300 136,700 81,000 $55,700 $51,390 $51,330 (f) (g) (h) $700 3,000 3,000 600 300 240 180 2022 $146,100 3,700 142,400 72,000 4,320 180 $65,900 (1) Gi)

Problem: 2 The partially completed income statements for Marshal Advertising Co follow