ACC - Compute the missing amounts

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Presented below is financial information for two different companies.

 

 

 

Compute the missing amounts.

 

 

 

  

Shabbona Company

 

Jenkins Company

Sales revenue

 

95,970

  

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 (d)

Sales returns and allowances

 

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 (a)

 

5,420

 

Net sales

 

88,660

  

90,810

 

Cost of goods sold

 

58,450

  

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 (e)

Gross profit

 

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 (b)

 

38,090

 

Operating expenses

 

15,530

  

26,170

 

Net income

 

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 (c)

 

11,920

 

 

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