Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. Enter net loss with a minus sign.
Company X Company Y Company Z
Net income/(net loss) $30 $________ $(20)
Sales ___________ 1,270 970
Gross profit 245 __________ 525
Operating expenses __________ 525 ___________
Cost of goods sold 330 790 ____________