Exercise 6.8 (Algo) Relationships in a Merchandising Company's Income Statement (LO6-4) This exercise stresses the relationships among the basic elements of a merchandising company's income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts. Note: Enter loss amounts as a negative number. Co a. b. C. d e Net Sales $ 260,000 $ S Beginning Inventory SS $ $ 630,000 $ 200,000 570,000 $ 74,000 S $ 820,000 Net Purchases 76,000 $ 104,000 $ 270,000 $ $ 156,000 $ Ending Inventory $ 69 69 69 450,000 $ Cost of Goods Sold 35,200 $ 80,000 $ 160,000 $ 441,000 135,000 240,000 $ 400,000 Gross Profit 144,800 $ 264,000 LA 6A 69 LA Expenses 115,200 $ 189,000 150,000 234,000 $ 280,000 130,000 GA GA Net Income or (Loss) 23,200 20,000 72,000 $ LA LA $ $ (15,000)

Exercise 6.8 (Algo) Relationships in a Merchandising Company's Income Statement (LO6-4) This exercise stresses the relationships among the basic elements of a merchandising company's income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts. Note: Enter loss amounts os o negotive number