Income Statement Relationships.

fiscal years: LO8 The following data are available for three companies at the end of their Company A:

Finished goods, January1. $ 600,000 Cost of goodsmanufactured. 3,800,000 Sales. 4,000,000 Gross profit onsales. 20%

Finished goods inventory, December 31. ?

Company B:

Freightin. $ 20,000 Purchases returns andallowances. 80,000 Marketingexpense. 200,000 Finished goods, December 31. 190,000 Cost of goodssold. 1,300,000 Cost of goods available forsale. ?

Company C:

Grossprofit. $ 96,000 Cost of goodsmanufactured. 340,000 Finished goods, January1. 45,000 Finished goods, December 31. 52,000 Work in process, January 1. 28,000 Work in process, December31. 38,000 Sales. ?

Required: Determine the amounts indicated by the question marks.