Calculate the missing amounts. Sales Cost of goods sold Gross profit Operating expenses Income from operations Other income Other expenses Income before income tax Income tax expense Net income eTextbook and Media $ Oriole Ltd. $89,200 58,872 19,500 700 0 2,608 Cullumber Ltée $101,400 40,053 18,200 0 1,900 $12,675

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3E: Identify each of the following items relating to sections of an income statement as Revenue from...
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Calculate the missing amounts.
Sales
Cost of goods sold
Gross profit
Operating expenses
Income from operations
Other income
Other expenses
Income before income tax
Income tax expense
Net income
eTextbook and Medial
$
Oriole Ltd.
$89,200
58,872
19,500
700
0
2,608
Cullumber Ltée
$101,400
40,053
18,200
0
1,900
$12,675
Transcribed Image Text:Calculate the missing amounts. Sales Cost of goods sold Gross profit Operating expenses Income from operations Other income Other expenses Income before income tax Income tax expense Net income eTextbook and Medial $ Oriole Ltd. $89,200 58,872 19,500 700 0 2,608 Cullumber Ltée $101,400 40,053 18,200 0 1,900 $12,675
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