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E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relationships L07-1 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 L07-1 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.) Case A Case B Case C Net sales revenue $ 7,670 $ 6,180 Beginning inventory $ 11,080 $ 6,560 $ 3,820 Purchases 4,930 9,470 Goods available for sale 15,160 13,290 10,240 11,020 4,320 Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) 1,380 370 500 $ 1,530 $ (480) $ 1,360
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