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Case 2. Financial information is presented below for two different companies. KDW KDK Cosmetics Grocery $90,000 $ Sales revenue Sales returns and allowances (a) Net

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Case 2. Financial information is presented below for two different companies. KDW KDK Cosmetics Grocery $90,000 $ Sales revenue Sales returns and allowances (a) Net sales 85,000 Cost of goods sold 56,000 Gross profit (b) 17,000 Operating expenses Income from operations (c) Other income and expense Net income (4,000) (d) Instructions Determine the missing amounts from (a) to (e) (5, each 1 point). 97,000 4,000 93,000 61,000 32,000 16,000 (e) (7,000) 9,000

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