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26 Consider the following partially completed income statements for merchandising companies...

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Accounting

26
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Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click the icon to view the Income Statements) Net Sales Revenue Cost of Goods Sold Beginning Merchandise inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Jones, Inc. 96,000 62000 $ 52,000 -(1,000) 02,000 36,000 13,000 Corrigan, Inc. 30,000 1900 60.000 (1,900) 111,000 84,000 Data table Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Print Jones, Inc. Corrigan, Inc. $ 90.000 $(d) (a) 52,000 (N) (1,900) 62.000 36,000 (c) 13,000 Done 30,000 (0) 80,000 (1.000) 10. 111,000 84,000 $ (g) PUNTORE X

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