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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. 2016 2017
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2016 2017 2018 Sales revenue $290,000 $410,000 Sales returns and allowances (11,000) (13,000) 347,000 32,000 Net sales Beginning inventory Ending inventory Purchases 20,000 260,000 298,000 Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (5,000) 8,000 (233,000) (8,000) 9,000 (10,000) 12,000 (293,000) 46,000 91,000 97,000
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