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Presented Here Are the Components in Bradley Company's Income Statement

Question 61

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Presented here are the components in Bradley Company's income statement. Determine the missing amounts.  Sales  Revenue  Cost of  Goods Sold  Gross  Profit  Operating  Expenses  Net  Income $75,000(a)$35,000( b)$17,000 (c) $86,000$59,000$48,000 (d) \begin{array}{ccccc}\begin{array} { l } \text { Sales } \\\text { Revenue }\end{array} & \begin{array} { c } \text { Cost of } \\\text { Goods Sold }\end{array} & \begin{array} { c } \text { Gross } \\\text { Profit }\end{array} & \begin{array} { c } \text { Operating } \\\text { Expenses }\end{array} & \begin{array} { c } \text { Net } \\\text { Income }\end{array} \\\hline\$ 75,000 & (\mathrm{a}) & \$ 35,000 & (\mathrm{~b}) & \$ 17,000 \\\text { (c) } & \$ 86,000 & \$ 59,000 & \$ 48,000 & \text { (d) }\end{array}

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a. $40000
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