E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships L07-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: M7-2 (Algo) Recording the Cost of Purchases for a Merchandiser L07-1 Select Apparel purchased 90 new shirts and recorded a total cost of $2,636 determined as follows: Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field