The data is extracted from the books of Mystery Mountain Lodge at December 31, 2001: Sales                                                    ?          Cost of Goods Sold            145% of Gross profit            Gross Profit                                          200000 Operational Expenses                            ?          Operational Income                               50000   Interest Expense                                    ?          Income before Income Tax                    ? Income Tax (40%)                                18000 Income                                                 27000 Required: Calculate the missing values

The data is extracted from the books of Mystery Mountain Lodge at December 31, 2001:

Sales                                                    ?         

Cost of Goods Sold            145% of Gross profit           

Gross Profit                                          200000

Operational Expenses                            ?         

Operational Income                               50000  

Interest Expense                                    ?         

Income before Income Tax                    ?

Income Tax (40%)                                18000

Income                                                 27000

Required:

1. Calculate the missing values.

Using the statement of earnings, prepare a vertical common size analysis, and comment