Presented here are the components in Bradley Company's income statement. Determine the missing amounts. $\begin{array}{ccccc}
\begin{array} { l }
\text { Sales } \
\text { Revenue }
\end{array} & \begin{array} { c }
\text { Cost of } \
\text { Goods Sold }
\end{array} & \begin{array} { c }
\text { Gross } \
\text { Profit }
\end{array} & \begin{array} { c }
\text { Operating } \
\text { Expenses }
\end{array} & \begin{array} { c }
\text { Net } \
\text { Income }
\end{array} \
\hline\$ 75,000 & (\mathrm{a}) & \$ 35,000 & (\mathrm{~b}) & \$ 17,000 \
\text { (c) } & \$ 86,000 & \$ 59,000 & \$ 48,000 & \text { (d) }
\end{array}$

Question

Presented here are the components in Bradley Company's income statement. Determine the missing amounts. $\begin{array}{ccccc}
\begin{array} { l } 
\text { Sales } \
\text { Revenue }
\end{array} & \begin{array} { c } 
\text { Cost of } \
\text { Goods Sold }
\end{array} & \begin{array} { c } 
\text { Gross } \
\text { Profit }
\end{array} & \begin{array} { c } 
\text { Operating } \
\text { Expenses }
\end{array} & \begin{array} { c } 
\text { Net } \
\text { Income }
\end{array} \
\hline\$ 75,000 & (\mathrm{a}) & \$ 35,000 & (\mathrm{~b}) & \$ 17,000 \
\text { (c) } & \$ 86,000 & \$ 59,000 & \$ 48,000 & \text { (d) }
\end{array}$

Quizplus · Accepted Answer

The Answer of Presented here are the components in Bradley Company's income statement. Determine the missing amounts. $\begin{array}{ccccc}
\begin{array} { l } 
\text { Sales } \
\text { Revenue }
\end{array} & \begin{array} { c } 
\text { Cost of } \
\text { Goods Sold }
\end{array} & \begin{array} { c } 
\text { Gross } \
\text { Profit }
\end{array} & \begin{array} { c } 
\text { Operating } \
\text { Expenses }
\end{array} & \begin{array} { c } 
\text { Net } \
\text { Income }
\end{array} \
\hline\$ 75,000 & (\mathrm{a}) & \$ 35,000 & (\mathrm{~b}) & \$ 17,000 \
\text { (c) } & \$ 86,000 & \$ 59,000 & \$ 48,000 & \text { (d) }
\end{array}$

Presented Here Are the Components in Bradley Company's Income Statement