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Kubitz Co. had the following amounts in its income statement: 2006 2007 2008 Sales 46,800 ? 78,000 Beginning Inventory ? 14,200 16,400 Purchases (Net) 20,050
Kubitz Co. had the following amounts in its income statement:
2006 | 2007 | 2008 | |
Sales | 46,800 | ? | 78,000 |
Beginning Inventory | ? | 14,200 | 16,400 |
Purchases (Net) | 20,050 | 50,200 | ? |
Ending Inventory | 14,200 | ? | 18,600 |
Cost of Goods Sold | ? | 48,000 | ? |
Gross Margin | 10,800 | 14,400 | 18,000 |
Operating Expenses | ? | ? | 6,000 |
Income Before Tax | 8,800 | ? | ? |
Tax Expense (40%) | ? | 2,560 | ? |
Net Income (Net Loss) | ? | 3,840 | ? |
Instructions: Complete the tabulation by filling in the missing amounts.
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