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value 10.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement.

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value 10.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts, (Input all amounts as positive values except net loss which should be indicated with a minus sign. Omit the "S" sign in your response.) Beginning Net Ending Cost of Net Sales Inventory Purchases Inventory Goods Sold Gross Profit 290,000 76,000 104,000 35,200 145,200 b 570,000 71.000 280,000 264,000 630,000 190,000 170,000 441,000 189,000 d 780,000 450,000 135,000 234.000 156,000 280,000 350,000 130,000 Profit or (Loss) a Expenses 72.000 20,000 modo 140,000 250,000 (15,000)

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