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 $468,250

Determining Amounts for Items Omitted from Income Statement

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

Sales $468,250 (b) $1,245,000 (d)
Cost of merchandise sold (a) $339,500 (c) $439,375
Gross profit 83,940 83,500 467,975 123,835

Determine the missing amount.

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

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