Question

US Weygandt, Financial and Managerial, 3e WileyPLUS: MyWileyPLUS I Help INTRODUCTION TO ACCOUNTING (A & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION RCES Brief Exercise 5-02 Presented below are the components in Wildhorse Co.'s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income $78,100 $31,900 $21,500 (a) $109,600 $78,500 $24,300 $75,600 $85,400 $43,300 Click if you would like to Show Work for this question: Open Show Work 01. ideo) LINK TO TEXT Study Question Attempts: 0 of 3 used HAVE FOR LATER SUB -

Answer 1

Ans.

Particulars	(a)	(b)	(c)
(A) Sales Revenue	$78,100	$109,600	$161,000
			(B+C)
(B) Cost of Good Sold	$46,200	$78,500	$75,600
	(A-C)
(C) Gross Profit	$31,900	$31,100	$85,400
		(A-B)
(D) Operating Expenses	$10,400	$6,800	$43,300
	(C-E)	(C-E)
(E) Net Income	$21,500	$24,300	$42,100
			(C-D)