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Current Attemptin Sage Hill Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The purchases all inventory on credit and

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Current Attemptin Sage Hill Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for record inventory purchases only:all other current liabilities are accrued in separate accounts. You are provided with the information for the fiscal years 2020 through 2023, inclusive. (a) Calculate the missing amounts. 2020 2021 2022 2023 Income Statement Data Sales revenue Cost of goods sold $79.000 22.080 55,300 20 Gross profit Operating expenses 52.140 in Net income $ (b) $ 2760 $11.200 5 (6) $12.000 4.900 5.600 Balance Sheet Data Inventory Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers 21,390 o PC Calculate the missing amounts 2020 2021 2022 2023 $79.000 lel $64.000 (a) 22,080 21.760 55,300 46,920 52.140 40,960 $ (b) $2.760 $ $11.200 $ (0) $12.000 () 4,900 5.600 3,700 21.390 $ $19,550 (d) th) 20.050 e Textbook and Media

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