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The following are the components in Gates Company's income statement. Determine the missing amounts, assuming that there are no nonoperating activities. (a) Sales Revenue
The following are the components in Gates Company's income statement. Determine the missing amounts, assuming that there are no nonoperating activities. (a) Sales Revenue Cost of Goods Sold $75,000 $ (b) $108.000 (c) $ Gross Profit Operating Expenses $30,000 $ $70,000 $71,900 $109,600 $ $46,2 The following are the components in Gates Company's income statement. Determine the missing amounts, assuming that there are no nonoperating activities. Cost of Goods Sold $ $70,000 $ $71,900 Gross Profit Operating Expenses Net Income $30,000 $ $12,100 $ $29,500 $109,600 $46,200 $
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