Question: Determining Amounts for Items Omitted from Income Statement One item is omitted in each of the following four lists of income statement data. Sales $425,750

Determining Amounts for Items Omitted from Income Statement

One item is omitted in each of the following four lists of income statement data.

Sales $425,750 (b) $1,245,000 (d)
Cost of merchandise sold (a) $337,575 (c) $439,750
Gross profit 83,830 83,830 465,950 124,015

Determine the missing amount.

a. $
b. $
c. $
d. $

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