Presented below are the components in Gates Company's income statement.
Determine the missing amounts.
| |
|
Sales Revenue |
|
Cost of Goods Sold |
|
Gross Profit |
|
Operating Expenses |
|
Net Income |
| (a) |
|
$75,000 |
|
$ |
|
$30,000 |
|
$ |
|
$10,800 |
| (b) |
|
$108,000 |
|
$70,000 |
|
$ |
|
$ |
|
$29,500 |
| (c) |
|
$ |
|
$83,900 |
|
$79,600 |
|
$39,500 |
|
$ |