E6A-27 (similar to) Consider the data of the following companies which use the periodic inventory system Click the icon to view the data.) Read the requirements Requirement 1. Supply the missing amounts for each of the following companies. Beginning Ending Net Sales Merchandise Net Cost of Merchandise Cost of Company Revenue Inventory Purchases Inventory Goods Sold Red $ 106,000 $ 24,000 $ 60,000 $ 19,000 Gross Profit 41,000 $ Enter any number in the edit fields and then click Check Answer 4 parts Clear All remaining X Requirements 1. Supply the missing amounts in the preceding table. 2. Prepare the income statement for the year ended December 31, 2019, for Red Company, which uses the periodic inventory system. Include a complete heading, and show the full computation of cost of goods sold. Red's operating expenses for the year were $8,000. to ard Company Red Yellow Orange Green Beginning Ending Net Sales Merchandise Net Cost of Merchandise Revenue Inventory Purchases Inventory $ 106.000 $ 24,000 $ 60,000 $ 19,000 (b) 23,000 95,000 (c) 94,000 (d) 63.000 20,000 85,000 9.500 7.000 Cost of Goods Sold Gross Profit (a) s 41,000 92.000 44.000 63,000 (9) 51.000 Print Done