Two or more items are omitted in each of the tabulations of income statement data shown below.

Instructions
Fill in the amounts that are missing.

Transcribed Image Text:

2020 2018 2019 Sales revenue £290,000 £ ? £410,000 Sales returns and allowances 6,000 13,000 Net sales 347,000 Beginning inventory 20,000 32,000 Ending inventory Purchases 260,000 298,000 Purchase returns and allowances 5,000 8,000 10,000 9,000 Freight-in 8,000 12,000 Cost of goods sold 238,000 303,000 Gross profit on sales 46,000 91,000 97,000