Problem 5-87A (Algorithmic) Ratio Analysis Selected information from Bigg Company's financial statements follows: Gross sales Less: Sales discounts Less: Sales returns and Mowances Net sales Fiscal Year Ended December 31 2019 2018 2017 (in thousands) $2,004,719 $1,937,021 $1,835,987 4,811 4 ,649 4,406 2,406 2,3242 ,203 $1,997,502 $1,930,048 $1,829,378 621,463 619,847 660,955 $1,376,039 $1,310,201 $1,168,423 577,369 5 95,226 583,555 $798,670 $714.975 $584,868 15,973 (5,300) (8,773) $814,543 $709,675 $576,095 Cost of goods sold Gross profit Operating expenses Operating income Other income (expenses) Net income At December 31 2019 2017 2018 (in thousands) Recording Notes Receivable: Issuance, Payment, and Default Chart Of Accounts General Journal Instructions General Journal Prepare the necessary journal and adjusting entries required to record transactions of Marydale Products General Journal Instructions JOURNAL DESCRIPTION POST. REF. DEBIT DATE Oct. 31 Notes Receivable 4,800.00 Oct 19 Accounts Receivable Problem 5-87A (Algorithmic) Ratio Analysis Selected information from Bigg Company's financial statements follows: Gross sales Less: Sales discounts Less: Sales returns and Mowances Net sales Fiscal Year Ended December 31 2019 2018 2017 (in thousands) $2,004,719 $1,937,021 $1,835,987 4,811 4 ,649 4,406 2,406 2,3242 ,203 $1,997,502 $1,930,048 $1,829,378 621,463 619,847 660,955 $1,376,039 $1,310,201 $1,168,423 577,369 5 95,226 583,555 $798,670 $714.975 $584,868 15,973 (5,300) (8,773) $814,543 $709,675 $576,095 Cost of goods sold Gross profit Operating expenses Operating income Other income (expenses) Net income At December 31 2019 2017 2018 (in thousands) Recording Notes Receivable: Issuance, Payment, and Default Chart Of Accounts General Journal Instructions General Journal Prepare the necessary journal and adjusting entries required to record transactions of Marydale Products General Journal Instructions JOURNAL DESCRIPTION POST. REF. DEBIT DATE Oct. 31 Notes Receivable 4,800.00 Oct 19 Accounts Receivable