Question: 1. Supply the missing amounts in the preceding table. 2. Prepare the income statement for the year ended December 31,2019, for Banana Company, which uses

 1. Supply the missing amounts in the preceding table. 2. Prepare

1.

Supply the missing amounts in the preceding table.

2.

Prepare the income statement for the year ended December 31,2019, for Banana Company, which uses the periodic inventory system. Include a complete heading, and show the full computation of cost of goods sold. Banana's operating expenses for the year were $13,000.

Data Table Company Banana Cherry Apple Beginning Ending Net Sales Merchandise Net Cost of Merchandise Cost of Revenue Inventory Purchases Inventory Goods Sold $ 101,000 $ 21,000 $ 63,000 $ 19,000 (a) $ (b) 24,000 97,000 (c) 95,000 90,000 (d) 54,000 21,000 67,000 79,000 12,000 5,000 Gross Profit 36,000 47,000 Pear (g) 45,000 Print Done

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