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Wildhorse co income statement

05/04/2021 Client: muhammad11 Deadline: 2 Day

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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