This exercise stresses

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 (Input all amounts as positive values except het loss which should be indicated with a minus sign. Omit the sign in your response.) Beginning Net Ending Cost of Net Sales Inventory Purchases Inventory | Goods Sold Gross Profit 280,000 76,000 104,000 35,200 135,200 570,000 73,000 280,000 264,000 630,000 180,000 170,000 441,000 189,000 780,000 450,000 234,000 156,000 240,000 350,000 130,000 Expenses 72,000 Profit or (Loss) 20,000 135,000 140,000 270,000 (15,000)