O’Connor Company’s income statement information for 2019 and 2020 (a sole proprietorship) is as follows:

Required:
Next Level Provide the missing amounts for the blanks labeled (a) through (g). All the necessary information is listed.

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2020 2019 $ (d) (e) 140,000 6,000 (6) 100,000 120,000 36,000 5,000 (g) 43,000 $ (a) 206,000 130,000 7,000 62,000 (b) 114,000 35,000 2,000 20,000 (c) Beginning inventory Sales Purchases Purchases returns and allowances Ending inventory Gross profit Cost of goods sold Selling expenses Transportation-in General and administrative expenses Net income