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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

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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 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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