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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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