Determining Amounts for Items Omitted from Income Statement One item is omitted in each of the following four lists of income statement data. $463,400 (b) (a) Sales Cost of merchandise sold Gross profit Determine the missing amount. a. b. C. d. $ 83,500 $410,000 277,500 $1,295,000 (c) 275,000 (d) $900,000 600,000

Determining Amounts for Items Omitted from Income Statement One item is omitted in each of the following four lists of income statement data