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E7-2 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
E7-2 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.) Case A Case B Case C $ 7,590 $5,710 $6,060 Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) $11,050 4,980 16,030 10,270 $6,680 8,530 15,210 11,000 $3,840 9,380 13,220 8,740 2,680 4,910 390 $ 1,440 4,210 1,500 1,000 $ (500) 4,480 1,580 660 920
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