Exercise 107 Fill in the appropriate blanks for each of the independent situations below Company A Company C $547,200 94,350 Company B Sales revenue $345,070 50,350 193,230 49,810 Beginning inventory Net purchases Ending inventory Cost of goods sold Gross profit Operating expenses Income before taxes 256,530 106,420 67,350 431,970 87,010 118,860 51,340 46,670 18,550