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As noted in the table below, items are omitted in each of the following tabulations of income statement data for a business following ASPE Required

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As noted in the table below, items are omitted in each of the following tabulations of income statement data for a business following ASPE Required 1. Fill in the amounts that are missing. 2. 2018 2019 2020 Sales Sales returns Net sales Beginning inventory Ending inventory Purchases Purchase returns and allowances Transportation in Cost of goods sold Gross profit on sales $290,000 6,000 (a) 20,000 (6) (c) 5,000 8,000 238,000 46,000 $ (d) 13,000 347,000 32,000 (e) 260,000 8,000 9,000 (f) 91,000 $410,000 (g) (h) 6) 6) 298,000 10,000 12,000 303,000 97,000 As noted in the table below, items are omitted in each of the following tabulations of income statement data for a business following ASPE Required 1. Fill in the amounts that are missing. 2. 2018 2019 2020 Sales Sales returns Net sales Beginning inventory Ending inventory Purchases Purchase returns and allowances Transportation in Cost of goods sold Gross profit on sales $290,000 6,000 (a) 20,000 (6) (c) 5,000 8,000 238,000 46,000 $ (d) 13,000 347,000 32,000 (e) 260,000 8,000 9,000 (f) 91,000 $410,000 (g) (h) 6) 6) 298,000 10,000 12,000 303,000 97,000

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