O€™Connor Company€™s income statement information for 2016 and 2017 (a sole proprietorship) is as follows:

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

Transcribed Image Text:

2016 2017 $(a) Beginning inventory Sales Purchases Purchases relurns and allowances Ending inventory Gross profit Cost of goods sold Selling expenses Transportation-in General and administrative expenses Net income 206,000 130,000 ,000 62,000 el 140,000 6,000 35,000 2,000 20,000 120,000 36,000 5,000 43,000