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Data table Beginning Net Ending Cost of Gross Company Net Sales Inventory Purchases Inventory Goods Sold Profit Altieri $ 115,000 $ 26,000 $ 63,000 $
Data table Beginning Net Ending Cost of Gross Company Net Sales Inventory Purchases Inventory Goods Sold Profit Altieri $ 115,000 $ 26,000 $ 63,000 $ 20,000 (a) (b) Masbasa 150,000 31,000 (c) 29,000 (d) 57,000 Hoffman (f) 55,000 23,000 69,000 31,000 Hinkel 80,000 11,000 26,000 (g) 32,000 (h) Requirements 1. Supply the missing income statement amounts for each of the companies. 2. Prepare the income statement for Altieri Company for the year ended December 31, 2018. Use the cost-of-goods-sold model to compute cost of goods sold. Altieri's operating and other expenses for the year were $34,000. Ignore income tax
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