Testbank Exercise 107 Fill in the appropriate blanks for each of the independent situations below. Company A Company B Company Sales revenue $344,000 $549,000 50,200 86,000 190,200 Beginning inventory Net purchases Ending inventory Cost of goods sold 256,800 49,600 115,200 56,100 421,900 86,700 126,200 Gross profit Operating expenses 50,600 47,800 Income before taxes 17,100 Click if you would like to Show Work for this questions Open Show Work Questi Testbank Exercise 109 Sheridan, Inc. has the following data for the year ended December 31, 2020; Net sales Loss on disposal of discontinued operation Cost of goods sold Interest expense Selling expenses Administrative expenses Shares of capital stock outstanding, 20,000 Tax rate of 30% on all items $272,200 23,800 165,300 4,000 16,100 36,130 Prepare a multiple-step income statement for Sheridan, Inc. for the year ended December 31, 2020. (Round earnings per share answers to 2 decimal pla