E7-3 LO7-1

Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for the income statement for each of the following independent cases:

Cases	Sales Revenue	Beginning Inventory	Purchases	Total Available	Ending Inventory	Cost of Goods Sold	Gross Profit	Expenses	Pretax Income (Loss)
A	$ 650	$100	$700	$ ?	$500	$ ?	$ ?	$200	$ ?
B	1,100	200	900	?	?	?	?	150	150
C	?	150	?	?	300	200	400	100	?
D	800	?	550	?	300	?	?	200	200
E	1,000	?	900	1,100	?	?	500	?	(50)