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Presented below is financial information for two different companies.
Compute the missing amounts.
Shabbona Company
Jenkins Company
Sales revenue
95,970
(d)
Sales returns and allowances
(a)
5,420
Net sales
88,660
90,810
Cost of goods sold
58,450
(e)
Gross profit
(b)
38,090
Operating expenses
15,530
26,170
Net income
(c)
11,920
Kabuo and Melinda got married on December 15, year 1. Kabuo's salary for the year was $54,000, and Melinda's was $62,000. In addition, Kabuo received $250 of interest income, ($100 of which was from municipal bonds), and Melinda received $10,000 o..
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