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E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following
E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Net sales revenue Beginning inventory Purchases Case A Case B $ 7,590 $ 11,130 $ 6,500 4,850 Goods available for sale Ending inventory 10,250 15,060 10,960 Case C $ 6,180 $ 3,900 9,420 13,320 Cost of goods sold 4,370 Gross profit 1,390 Expenses 330 510] Pretax income (loss) $ 1,530 $ (600) $ 1,300
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