Similar to 16-7

S16-7 (similar to) Consider the folowing partaly completed income statements for merchandsing comparies and compute the missing amounts. EEE (Click the ioon to view the Income Statements.) Data Table Corrigan, Inc. Net Sales Revenue 100.000 Corrigan, Inc. White Corp st of Goods Sold: Net Sales Revenue 100,000 S Beginning Merchandise Inventory Purohases and Freight in Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Cost of Goods Sold: 51.000 28.000 Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise inventory Cost of Goods Sold 51.000 (1.800) 62,000 38,000 90,000 (1,300) (1.800) 62,000 38,000 Gross Profit Seling and Administrative Expenses 115.000 87.000 Gross Profit Selling and Administrative Expenses Operating income 15,000 ng Income 15.000 Enter any number in the edit fields and then click Check Answer part remaining Print Done