presented here are the components in Korinek Company\'s income statement. Determine the missing amounts. Solution Hi Treating, below is the complete question. Answer follows Question: sales Cost of Goods Sold Gross profit Operating Expenses Net income a $78,230 _______________ $30,500 ______________ $17,810 b $111,050 $72,250 __________ ______________ $24,090 c __________ $73,610 $83,670 $49,010 __________ Update : Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income (a) $78,230 $_________ $30,500 $___________ $17,810 (b) $111,050 $72,250 $__________ $___________ $24,090 (c) $_______ $73,610 $83,670 $49,010 $_________ Answer: (a) Cost of Goods Sold 47,730 (78,230 - 30,500) Operating Expenses 12,690 (30,500 - 17,810) (b) Gross Profit 38,800 (111,050 - 72,250) Operating Expenses 14,710 (38,800 - 24,090) (c) Sales 157,280 (73,610 + 83,670) Net Income 34,660 (83,670 - 49,010) .

1. presented here are the components in Korinek Company's income statement. Determine the
missing amounts.
Solution
Hi
Treating, below is the complete question. Answer follows
Question:
sales Cost of Goods Sold Gross profit Operating Expenses Net income
a $78,230 _______________ $30,500 ______________ $17,810
b $111,050 $72,250 __________ ______________ $24,090
c __________ $73,610 $83,670 $49,010 __________
Update : Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income
(a) $78,230 $_________ $30,500 $___________ $17,810
(b) $111,050 $72,250 $__________ $___________ $24,090
(c) $_______ $73,610 $83,670 $49,010 $_________
Answer:
(a)
Cost of Goods Sold 47,730 (78,230 - 30,500)
Operating Expenses 12,690 (30,500 - 17,810)
(b)
Gross Profit 38,800 (111,050 - 72,250)
Operating Expenses 14,710 (38,800 - 24,090)

2. (c)
Sales 157,280 (73,610 + 83,670)
Net Income 34,660 (83,670 - 49,010)