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Whispering Company Metlock Company Sales revenue 86,500 (d) Sales returns and allowances (a) 5,480 Net sales 84,660 94,270 Cost of goods sold 52,620 (e) Gross

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Whispering Company Metlock Company Sales revenue 86,500 (d) Sales returns and allowances (a) 5,480 Net sales 84,660 94,270 Cost of goods sold 52,620 (e) Gross profit (b) 40,200 Operating expenses 13,630 21,030 Net income (c) 19,170

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