Kingbird, Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2020 through 2023, inclusive.

0.25/1 > Question 6 of 8 2023 2022 2020 2021 Income Statement Data $115.000 87000 $ Pue 35050 al 27.840 odwold Gopal Operating poses 83,950 59,160 75.900 55680 Netcom BOSO (b) $3,480 Balance Seel Data $15.000 $ ic $17.700 5 Inventory Accounts Daybe Additional formation 6.00 7.500 5,600 30890 $ h) 2