Intermediate Accounting: E3-15 Presented below is financial information (Shabbona and Jenkins)

Intermediate Accounting
E3-15 Missing Amounts
Presented below is financial information for two different companies.
Shabbona Company Jenkins Company
Sales $90,000 (d)$
Sales returns (a) 5,000
Net sales 85,000 90,000
Cost of goods sold 56,000 (e)
Gross profit (b) 38,000
Operating expenses 15,000 23,000
Net income (c) 15,000

Instructions:
Compute the missing amounts.
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