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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 $289,670 $ $407,680 Sales returns and allowances (10,290) (13,520) Net sales 348,765 Beginning inventory 18,680 32,650 Ending inventory Purchases 261,500 299,847 Purchase returns and allowances (4,750) (8,480) (9,460) Freight-in 7,350 9,610 12,490 Cost of goods sold (236,980) (293,412) Gross profit on sales 42,400 83,690 97,250
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