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Compute the missing amounts that are numbered in parentheses for the income statement of each independent case. (Hint: Each case need not be calculated in
Compute the missing amounts that are numbered in parentheses for the income statement of each independent case. (Hint: Each case need not be calculated in the numerical order of the missing mumhers Case A Case B $800 Case C Sales revenue Beginning inventory Purchases Total goods available for sale $800 $ (9) 100 (5) 90 500 420 (10) (I) 150 (6) (11) Ending inventory Cost of goods sold Gross profit Expenses Net Income 110 160 340 (2) (3) 300 (7) (8) (12) 420 400 (4) (50) 60
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