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value: 15.00 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: 15.00 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 "$" sign in your response.) Profit Cost of Goods Sold Beginning Inventory Net Purchases Ending Inventory 35,200 Gross Profit Expenses 72,000 or (Loss) Net Sales 105,200 250,000 76,000 104,000 a. 20,000 264,000 78,000 270,000 470,000 b. 189,000 160,000 441,000 220,000 170,000 630,000 C. 234,000 270,000 135,000 450,000 820,000 d. (15,000) 130,000 250,000 400,000 156,000 e

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