Question: E7-2 (Static) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following

E7-2 (Static) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Case A Case B Net sales revenue $ 7,500 Beginning inventory $ 11.200 $ 7,000 Purchases 4,500 Goods available for sale 15,050 Ending inventory 9,000 11,050 Cost of goods sold Gross profit 800 Expenses 300 Pretax income (loss) $ 500 $ (200) Case C 5,050 $ 4,000 9,500 13,500 $ 4,200 700 150

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