1. Supply the missing income statement amounts for each of the following companies for the year ended December 31, 2017:

2. Prepare the income statement for Bell Co., which uses the periodic inventory system. Bell's operating expenses for the year were $9,700.

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Ending Net Purchases Inventory $ 8,700 Cost Beginning Inventory CompanyNet Sales Arc Bell Co. Court Co. 50,000 Dolan Co.51,200 of Gross Goods Sold Margin $18,500 $50,000 26,300 Co. $46,500$5,300 13,700 $31,400 46,500 27,900 11,300 4,100 28,700 6,400 23,700