$2$

This exercise stresses the relationships among the basic elements of a merchandising company's income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts.

Note: Enter loss amounts as a negative number.

$10$

points

Skipped

$\backslash$table$[[$d$.,$Net Sales,$\backslash$table$[[$Beginning$],[$Inventory$]],\backslash$table$[[$Net$],[$Purchases$]],\backslash$table$[[$Ending$],[$Inventory$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],$Gross Profit,Expenses,$\backslash$table$[[$Net Income$],[$or $($Loss$)]]],[$$$,240,000,$$$,76,000,$$$,104,000,$$$,35,200,$t$-,$a$,$$$,95,200,$$$,72,000,-],[$b$,$$$,480,000,$$$,72,000,$$$,272,000,,,$$$,264,000,\stackrel{}{x},x_1-2,$$$,20,000$