Supply the missing income statement amounts for each of the following companies (amounts adapted, in millions or billions):

Requirement
1. Prepare the income statement for Crane Company, for the year ended December 31, 2010. Use the cost-of-goods-sold model to compute cost of goods sold. Cranes operating and other expenses, as adapted, for the year were $41,000. Ignore incometax.

Transcribed Image Text:

Cost of Goods Sold Ending Net Sales Inventory Purchases Inventory $18,000 28,000 Beginning Net Gross Profit Company Crane Foster Allen Matthews $105,000 138,000 $19,000 27,000 $65,000 (d 45,000 21,000 60,000 32,000 56,000 30,000 84,000 11,000 (g) 36,000