Presented Below Is a Partially Completed Income Statement of Lake,Inc

question 174

Essay

Presented below is a partially completed income statement of Lake,Inc.for 2016.
$\begin{array}{lr}\text { Net sales}& \underline{\text { \$A}}\\\text {Cost of goods sold:}\\\text { Beginning inventory } & \text { B } \\\text { Net purchases } & \underline{138,193} \\\text { Cost of goods avail able for sale } & \$ 149,315 \\\text { Ending inventory } & \text { C } \\\text { Cost of goods sold } & \underline{136,225}\\\text { Gross profit } & \$72,978\\\text { Selling and administrative expenses } & \underline{D}\\\text { Operating income } &\underline{ \$ 9,083}\end{array}$
Fill in the missing amounts for Lake's income statement.