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undefined Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019
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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 2021 Sales revenue $292,730 $408,980 Sales returns and allowances (11,400) (11,860) Net sales 346,307 Beginning inventory 18,500 30,480 Ending inventory Purchases 262,130 297,444 Purchase returns and allowances (5.210) (8,600) (10,610) Freight-in 8,740 8,730 11,830 Cost of goods sold (231,560) (290,482) Gross profit on sales 49,770 95,830 106,460Step by Step Solution
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