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U. Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them
U. Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them by letter. (16') Sales $935,000 $960,000 $580,000 (g) Sales returns and allowances (a) 35,000 (e) 32,000 Sales discounts 30,000 10,000 25,000 30,000 Net sales 885,000 (c) 450,000 (h) Cost of merchandise sold (b) 565,000 f) 545,000 Gross profit 250,000 (d) 200,000
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