Exercise 5-14 Financial information is presented below for three different companies Determine the m

Exercise 5-14

Financial information is presented below for three different companies

Determine the missing amounts

Allen Cosmetics

Bast Grocery

Corr Wholesalers

Sales revenue

$95,550 $

(e)

$126,100

Sales returns and allowances

(a)

5,890

12,840

Net sales

85,750

97,090

(i)

Cost of goods sold

55,890

(f)

(j)

Gross profit

(b)

39,950

26,000

Operating expenses

17,560

(g)

18,840

Income from operations

(c)

(h)

(k)

Other expenses and losses

3,310

7,250

(l)

Net income

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