a d The income statement amounts for each of the following companies as follows:...
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Accounting
a d The income statement amounts for each of the following companies as follows: Company Net Sales Beginning Net Ending Cost of Gross Inventory Purchase Inventory Goods Profit Sold Crane 105,000 19,000 65,000 18,000 b Foster 138,000 27,000 28,000 45,000 Allen f 56,000 21,000 60,000 32,000 Matthews 84,000 11,000 30,000 g 36,000 h Requirements: a. Compute the missing amounts. b. Prepare the income statement for Crane Company, for the year ended December 31. Use the cost-of- goods-sold model to compute cost of goods sold. Grane's operating and other expenses, as adapted for the year were 41,000. Ignore income tax
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