This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts. (Enter loss amounts as a negative number.) Net Ending Cost of Beginning Inventory Purchases Inventory Goods Sold Net Income or (Loss) Net Sales Gross Profit Expenses 76,000 71,000 200,000 72,000 270,000 470,000 630,000 800,000 104,000 35,200 125,200 290,000 264,000 20,000 190,000 135,000 160,000 189,000 234,000 140,000 441,000 140,000 450,000 280,000 156,000 350,000 (15,000)