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I don’t understand this Accounting question and need help to study.
Presented here are the components in Wildhorse Co.’s income statement.
Determine the missing amounts.
Sales Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Net Income
Year 1
$ 74,640 $Enter a dollar amount for year 1
(b) $ 30,600 $Enter a dollar amount for year 1
(d) $12,140
Year 2
$108,600 $72,600 $Enter a dollar amount for year 2
(c) $Enter a dollar amount for year 2
(e) $30,530
Year 3
$Enter a dollar amount for year 3
(a) $75,410
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