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below. (10 marks) and drop the correct answers in the box provided. The following income statement information relates to a trading enterprise and covers four

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below. (10 marks) and drop the correct answers in the box provided. The following income statement information relates to a trading enterprise and covers four independent situations. Calculate the missing figures. (a) (b) (c) $ $ $ Net sales $ 200,000 600,000 800,000 Opening inventory 54,000 120,000 230,000 Net purchases 130,000 500,000 Available inventory 184,000 Closing inventory 44,000 85,000 150,000 255,000 Cost of sales 390,000 660,000 Gross profit 60,000 210,000 260,000 240,000 Operating expenses 70,000 165,000 205,000 (25,000) Net profit/(loss) 660,000 Gross profit Operating expenses 60,000 260,000 210,000 165,000 240,000 70,000 205,000 Net profit/(loss) (25,000) 140,000 || (10,000) || 355,000 || 475,000 45,000 190,000 | 690,000 540,000 55,000 900,000 | 685,000 | 915,000 || 265,000 87

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