The income statement information for 2007 and 2008 of the Connor Company (a sole proprietorship) is as follows:

Required
Fill in the blanks labeled (a) through (g). All the necessary information islisted.

Transcribed Image Text:

2007 2008 s (d) Beginning inventory Sales Purchases Purchases returns and allowances Ending inventory Sales returns and allowances Gross profit Cost of goods sold Selling expenses Transportation-in General and administrative expenses Net income s (a) 210,000 130,000 7,000 62,000 4,000 140,000 6,000 114,000 35,000 2,000 20,000 9,000 100,000 120,000 36,000 5,000 43,000