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wo or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2016 2017
wo 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$287,390$
$407,960Sales returns and allowances(12,020)(12,550)
Net sales
349,848
Beginning inventory19,75033,500
Ending inventory
Purchases
260,460297,376Purchase returns and allowances(4,770)(7,200)(10,980)Freight-in8,3508,66013,080Cost of goods sold(231,210)
(291,795)Gross profit on sales44,16094,480102,340
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