A portion of the income statement for Oscar Company is shown below.Provide the missing account titles and amounts. $$
\begin{array}{ll}
A.&-----&&\$ 350,000 & \
&\text { Sales returns and allowances }&B.&-----& \
C.& -----&&& \$ 348,000 \
D.&-----&&& ----- \
& \text { Gross profit } &&& \$ 90,000
\end{array}
$$

Question

A portion of the income statement for Oscar Company is shown below.Provide the missing account titles and amounts. $$
\begin{array}{ll}
A.&-----&&\$ 350,000 & \
&\text { Sales returns and allowances }&B.&-----&  \
C.& -----&&& \$ 348,000 \
D.&-----&&& ----- \
& \text { Gross profit } &&& \$ 90,000
\end{array}
$$

A Portion of the Income Statement for Oscar Company Is