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Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. Sales
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. Sales revenue Sales returns and allowances 2024 $290,000 $ 11,000 2025 13,000 2026 $410,000 Net sales: Beginning inventory 347,000 20,000 32,000 Ending inventory Purchases 260,000 298,000 Purchase returns and allowances 5,000 8,000 10,000 Freight-in 8,000 9,000 12,000 Cost of goods sold 233,000 293,000 Gross profit on sales 46,000 91,000 97,000
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