Gorlla Glass CERT FIED FOR https://edugen.wiley ugen/student/mainfr.uni PLUS Wey

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Gorlla Glass CERT FIED FOR https://edugen.wiley ugen/student/mainfr.uni PLUS Weygandt, Financial Accounting, 10e Gradebook ORION Downloadable eTextbook Study & Practice pen Assignment Brief Exercise 5-2 hagter 5 Your answer is partially correct. Try again. Presented below are the components in Monty Corp.'s incoene statement. Determine the missing amounts. Gross Profit operating Expenses Net Income Sales Revenue Cost of Goods Sold 10 $38,500 3400 $17,500 $79,000 26 s74,000 -371, - 14 $24,300 $111,100 $75,900 86,900 46,800 101 Click if you would like to Show Work for this question: Sh Wo Im Cortana. Ask me anything.

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Case A Cost of goods sold = 79,000 - 38,500                 40,500.00 Operating Expenses = 38,500 - 17,500                 21,000.00 Case B Gross Profit= 111,100 - 74,000                 37,100.00 Operating Expenses= 37,100 - 24,300                 12,800.00 Case C Sales revenue = 75,900 + 86,900               162,800.00 Net income = 86,900 - 46,800                 40,100.00

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