Two or more items are omitted in each of the following tabulations of income statement data for a business following ASPE.

Instructions

Fill in the amounts that are missing.

Transcribed Image Text:

2019 2018 2020 Sales $410,000 $290,000 Sales returns 6,000 13,000 Net sales 347,000 Beginning inventory Ending inventory Purchases 20,000 32,000 260,000 298,000 Purchase returns and allowances 5,000 8,000 8,000 9,000 10,000 Transportation in Cost of goods sold Gross profit on sales 12,000 238,000 46,000 303,000 97,000 91,000