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Compute missing amounts in determining net income

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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

?

Compute missing amounts in determining net income.

Reference no: EM13527348

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