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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. 2019 2020
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
2019 | 2020 | 2021 | ||||
Sales revenue | $290,000 | $ | $410,000 | |||
Sales returns and allowances | (11,000) | (13,000) |
| |||
Net sales |
| 347,000 |
| |||
Beginning inventory | 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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