Financial information is presented below for three different companies.
|
Natural |
Mattar |
Allied |
|
|
Cosmetics |
Grocery |
Wholesalers |
|
|
Sales |
$90,000 |
$ (e) |
$144,000 |
|
Sales returns and allowances |
(a) |
5,000 |
12,000 |
|
Net sales |
81,000 |
95,000 |
(i) |
|
Cost of goods sold |
56,000 |
(f) |
(j) |
|
Gross profit |
(b) |
38,000 |
24,000 |
|
Operating expenses |
15,000 |
(g) |
18,000 |
|
Income from operations |
(c) |
(h) |
(k) |
|
Other expenses and losses |
4,000 |
7,000 |
(l) |
|
Net income |
(d) |
11,000 |
5,000 |
Instructions Determine the missing amounts.