E 7. Presented below are incomplete inventory and income statement data for Toliver Corporation. Determine the missing amounts.

Beginning Ending Cost of Finished Finished Cost of Goods Goods Goods Goods Sold Manufactured Inventory Inventory 1. $ 10,000 $12,000 $ 1,000 ?

2. $140,000 ? $45,000 $60,000 3. ? $89,000 $23,000 $20,000 Inventories, Cost of Goods Sold, and Net Income