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E3-1 Inferring Statement of Earnings Values LO3-2 Supply the missing dollar amounts for the 2020 statement of earnings of Ultimate Style Company for each of

E3-1 Inferring Statement of Earnings Values LO3-2 Supply the missing dollar amounts for the 2020 statement of earnings of Ultimate Style Company for each of the following independent cases: Case A Sales revenue Selling expense $ 1,180 $ Case B Case C 980 $ 690 Case D Case El 192 122 442 292 Cost of sales 520 570 450 Income tax expense 100 62 62 110 44 Gross profit 610 580 Earnings before income tax 298 174 288 + Administrative expense 220 102 170 Net earnings 226 64 93 150 94

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