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Chapter 5: Multi-step Income Statements Financial information is provided for two different businesses: Company A Company B Sales................ $45,000 $18,200 Sales returns and allowances... 350 e) Net sales................. a) 18,095 Cost of goods sold......... b) 10,100 Gross profit...... 17,650 f) Operating expenses 10,000 5,000 Profit from operations c) g) Other income d) 1,200 Profit $8,150 h) Instructions Calculate the missing amounts. A