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1. Income statement relationships. Fill in the appropriate blanks for each of the independent situations below. a) Company A Company B Company C Sales revenue
1. Income statement relationships. Fill in the appropriate blanks for each of the independent situations below. a) Company A Company B Company C Sales revenue (a) $ $343,400 $540,000 Beginning inventory 52,600 (d) 90,000 Net purchases 205,300 255,600 (g) Ending inventory 52,200 108,000 63,000 Cost of goods sold (b) 437,000 Gross profit 75,300 128,000 (h) Operating expenses 50,000 48,000 Income before taxes 6,000 (f) b) c) d) f) g) h) D i)
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