E7-2 Inferring Missing Amounts Based on Income Statements Relationships

Supply the missing dollar amounts for the income statement of Lewis Retailers for each of the following independent cases:

Cases Sales Cost of Beginning Cost of Goods Cost of Revenue Inventory Purchases Available for Sa Goods sold Ending Inventory Gross Profit $300 700 $100 $800 150 800 200 900 300 100 600 800 900 1,000