The income statement information for 2010 and 2011 of the Connor Company (a sole proprietorship) is as follows:

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

Transcribed Image Text:

2010 $ (a) 2011 Beginning inventory Sales 210,000 130,000 7,000 62,000 4,000 140,000 6,000 Purchases returns and allowances Ending inventory Sales returns and allowances Cross proft Cost of goods sold Selling expenses Transportation-in General and administrative expenses Net income 9,000 100,000 120,000 36,000 5,000 114,000 35,000 2,000 20,000 43,000