Marin 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 hscal years 2020 through 2023, inclusive, Calculate the missing amounts. 2020 2021 2022 2023 Income Statement Data Sales revenue $75,000 $ (e) Cost of goods sold va) 21.440 Gross profit 54.750 46.920 Operating expenses 49,500 (0) Net income $ (b) $ 2.680 $ Balance Sheet Data Inventory $10,800 $ (c) $ 11,400 4,700 5,400 3,500 Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers 20,390 (g) (d) (h) e Textbook and Media e Textbook Assistance Used List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (62) Marin 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 hscal years 2020 through 2023, inclusive, Calculate the missing amounts. 2020 2021 2022 2023 Income Statement Data Sales revenue $75,000 $ (e) Cost of goods sold va) 21.440 Gross profit 54.750 46.920 Operating expenses 49,500 (0) Net income $ (b) $ 2.680 $ Balance Sheet Data Inventory $10,800 $ (c) $ 11,400 4,700 5,400 3,500 Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers 20,390 (g) (d) (h) e Textbook and Media e Textbook Assistance Used List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (62)