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1. Supply the missing amounts in the preceding table. 2. Prepare the income statement for the year ended December 31,2019, for Banana Company, which uses

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1.

Supply the missing amounts in the preceding table.

2.

Prepare the income statement for the year ended December 31,2019, for Banana Company, which uses the periodic inventory system. Include a complete heading, and show the full computation of cost of goods sold. Banana's operating expenses for the year were $13,000.
Data Table Company Banana Cherry Apple Beginning Ending Net Sales Merchandise Net Cost of Merchandise Cost of Revenue Inventory Purchases Inventory Goods Sold $ 101,000 $ 21,000 $ 63,000 $ 19,000 (a) $ (b) 24,000 97,000 (c) 95,000 90,000 (d) 54,000 21,000 67,000 79,000 12,000 5,000 Gross Profit 36,000 47,000 Pear (g) 45,000 Print Done

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