Exercise 5-14Financial information is presented below for three different companies.Determine the missing amounts.Allen CosmeticsBast GroceryCorr WholesalersSales revenue$95,550$(e)$126,100Sales returns and allowances(a)5,89012,840Net sales85,75097,090(i)Cost of goods sold55,890(f)(j)Gross profit(b)39,95026,000Operating expenses17,560(g)18,840Income from operations(c)(h)(k)Other expenses and losses3,3107,250(l)Net income
RECOMMENDED!!ACCOUNTING Exercise 5-14
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