BE5-1

Presented below are the components in Waegelain Company's income statement. Determine the missing amounts.

	Sales	Cost of Goods Sold	Gross Profit	Operating Expenses	Net Income
(a)	$75,000		$30,000		$10,800
(b)	$108,000	$70,000			$29,500
(c)		$71,900	$79,600	$39,500

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