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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
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 Case B Case C Case D Case E Sales revenue $ 1,240 $ 1,040 S 750 Selling expense 201 131 451 151 301 Cost of sales 550 585 480 Income tax expense 115 71 125 47 Gross profit 655 610 Earnings before income tax 319 192 309 Administrative expense 235 111 185 165 Net earnings 238 67 97
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