170.Complete the following data taken from the condensed income statements for merchandising Companies X, Y, andZ. Company XCompany YCompany Z Net income (loss)$220$?$( 70) Sales?1,315890 ...

170.Complete the following data taken from the condensed income statements for merchandising Companies X, Y, andZ.

Company XCompany YCompany Z

Net income (loss)$220$?$( 70)

Sales?1,315890

Gross profit435?465

Operating expenses?565?

Cost of merchandise sold330775?

171.During the current year, merchandise is sold for $137,500 cash and $425,600 on account. The cost of themerchandise sold is $322,325. What is the amount of the gross profit?

172.During the current year, merchandise is sold for $117,500 cash and $241,750 on account. The cost of themerchandise sold is $157,400. What is the amount of the gross profit?