6 of 6 (1 complete) i Data Table Sales $ 965,000 723,000 Cost of sales Gross profit 242,000 110,000 Operating expenses $ Net income 132,000 Dave's Convenience Stores Balance Sheet December 31, 2017 Assets Liabilities and Capital Cash $ 45,000 Accounts payable $ 33.000 190,000 Inventories 61.000 Note payable 271.000 Total liabilities Land and buildings, net 223,000 154,000 Owner capital $ 377 000 Total assets S 377,000 Total abilities and capital Input Print Done 6 of 6 (1 complete) December 31, 2017, and its balance sheet as of December 31, 2017, are as Click the icon to view additional information.) ger makes is the amount of inventory to purchase. Show how to determine the amour * More Info The business is organized as a proprietorship. so it pays no corporate income tax. The owner is budgeting for 2018 and expects sales and cost of goods sold to increase by 7%. To meet customer demand, ending inventory will need to be $81.000 at December 31, 2018. The owner hopes to earn a net income of $159,000 next year. Print Done nput folds and then click Check Answer Clear All omework: Chapter 6 Homework core: 0 of 1 pt 6 of 6 (1 complete) -6-76B (similar to) Dave's Convenience Stores' income statement for the year ended December 31, 2017, and its balance sheet as of December 31, 2017 are as follows: B Click the icon to view the financial statements.) Click the icon to view additional information.) Read the requirements Requirement 1. One of the most important decisions a manager makes is the amount of inventory to purchase. Show how to determine the amount of inventory to purchase in 2018 Purchases, budgeted Choose from any list of enter any number in the input fields and then click Check Answer Check Clear A 1 remaining