Marigold Inc. purchases its inventory on credit and uses a perpetual inventory system. The company began operations on January 1, 2021, and during 2021 purchased merchandise costing $ 270,000. Of this amount, 80% was paid in 2021 with the balance paid in 2022. The company sold 90% of its inventory for $ 720,000 on credit. Of this amount, 70% was collected in 2021 with the rest collected in 2022. Operating expenses of $ 120,000 were incurred in 2021 and all were paid by the end of the year. The income tax rate is 30% and all income taxes relating to 2021 were paid in 2022.

Calculate the missing amounts for all items. 2021 Statement of income data Sales [1] $ Cost of goods sold [2] $ $ Gross profit [3] $ Operating expenses [4] $ Income before income tax [5] $ $ Income tax expense [6] $ $ Net income [7] $ $ Statement of financial position data Accounts receivable [8] $ $ Inventory [9] $ Accounts payable (10) $ Income tax payable [11] $