Show Attempt History Current Attempt in Progress Kingbird, Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inwentary 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 (a) - Your answer is partially correct Calculate the missing amounts 2020 2021 2022 2023 Income Statement Data Sales $115.000 87.000 1) revenue Cost of soods sold 51050 (a 27,840 Gross proft 83.950 59.160 Operating xong 75.900 35.00 Net income 8.050 $3,480 Balance Sheet Data Inventory $15.000 18.050 10 $17.700 LO 6,800 7.500 5,600 Accounts payable Additional Information Purchases of inventory on account 30,890 $ 27.530 Cash payments to suppliers 30,190 29,430 (h) $115,000 87.000 (e) $84,000 31050 (a) 27,840 27,880 83,950 59,160 56,120 75,900 55,680 () 52,480 8,050 $ (b) $3,480 3,640 0 $ $15.000 18,050 $17,700 VA (k) = 6,800 7.500 5,600 0 30,890 27.330 $29,050 30.190 (d) 29.430 th) 29.550