Question: E8-6 (LO2) (Determining Merchandise AmountsPeriodic) Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts
E8-6 (LO2) (Determining Merchandise AmountsPeriodic) Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
| 2016 | 2017 | 2018 | |
| Sales revenue | $290,000 | $? | $410,000 |
| Sales returns and allowances | 11,000 | 13,000 | ? |
| Net sales | ? | 47,000 | ? |
| Beginning inventory | 20,000 | 32,000 | ? |
| Ending inventory | ? | ? | ? |
| Purchases | ? | 260,000 | 298,000 |
| Purchase returns and allowances | 5,000 | 8,000 | 10,000 |
| Freight-in | 8,000 | 9,000 | 12,000 |
| Cost of goods sold | 233,000 | ? | 293,000 |
| Gross profit on sales | 46,000 | 91,000 | 97,000 |
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