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Determining Amounts for Items Omitted from Income Statement One item is omitted in each of the following four lists of income statement data. Sales $435,250
Determining Amounts for Items Omitted from Income Statement
One item is omitted in each of the following four lists of income statement data.
| Sales | $435,250 | (b) | $1,245,000 | (d) |
| Cost of merchandise sold | (a) | $330,225 | (c) | $437,125 |
| Gross profit | 84,160 | 84,490 | 467,975 | 123,655 |
Determine the missing amount.
| a. | $ |
| b. | $ |
| c. | $ |
| d. | $ |
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