Table 5-2 Ansari Manufacturing 6) Referring to Table 5-2, if sales discounts amount to $15,000, the balance in sales returns and allowances must be: A) $7,000 B) $22,000 C) $29,000 D) cannot be determined from the given data 7) Referring to Table 5-2, cost of goods sold is: A) $78,000 B) $100,000 C) $105,000 D) $27,000 8) Referring to Table 52, what is the operating income or operating loss? A) operating income of $123,000B ) operating income of $27,000 C) operating loss of $177,000D ) operating income of $177,000 9) Referring to Table 52, what is the net income or net loss? A) net income of $30,000B ) net loss of $30,000 C) net income of $153,000D ) net loss of $3,000 10) Referring to Table 52, what is the gross margin \%? A) 67% B) 71% C) 141% D) 15% the results from operations and net income of the two companies