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2021 2020 2019 Income Statement Data Net Sales COGS Gross Profit Operating expenses Income tax expense Profit $960,000 555,000 Blank #1 Blank #4 68,850 $36,500

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2021 2020 2019 Income Statement Data Net Sales COGS Gross Profit Operating expenses Income tax expense Profit $960,000 555,000 Blank #1 Blank #4 68,850 $36,500 $865,000 Blank #2 $402,000 290,000 68,340 Blank #5 Blank #3 420,000 $302,000 $180,000 Blank #6 $70,660 22,000 8,000 Blank #10 19,000 Statement of Financial Position Data Merchandise Inventory Blank #7 Accounts Payable Blank #8 Additional Information Purchase of merchandise 580,000 Inventory Cash payments to 560,000 suppliers 462,000 400,000 Blank #9 401,000 Blank # 1 Blank #2 Blank # 3 Blank #4 Blank #5 Blank # 6 Blank #7 Blank # 8 Blank #9 Blank # 10

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