Question: Determining Amounts for Items Omitted from Income Statement Two items are omitted in each of the following four lists of income statement data. Sales $204,500

Determining Amounts for Items Omitted from Income Statement

Two items are omitted in each of the following four lists of income statement data.

Sales $204,500 $644,600 $1,360,250 $ (g)
Sales returns and allowances (a) 32,230 (e) 7,200
Sales discounts 8,180 19,340 54,410 11,020
Net sales 184,050 (c) 1,197,020 (h)
Cost of merchandise sold (b) 354,530 (f) 381,600
Gross profit 73,620 (d) 380,870 115,200

Determine the amounts of the missing items.

a. $
b. $
c. $
d. $
e. $
f. $
g. $
h.

$

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