Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for the income statement
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Supply the missing dollar amounts for the income statement for each of the following independentcases:
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Pretax Income Available Inventory Goods Sold Profit Expenses (Loss) Beginning Cases Revenue Inventory Purchases $ 650 Total Cost of Sales Ending Gross $500 $ ? S100 200 S700 $200 150 150 1.100 900 400 150 300 200 100 550 300 200 800 200 (50) 1,100 1,000 900 500
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