eBook Exercise 5-12 Merchandising Income Statement: Missing Data, Multiple Years Determine the missing data in the following three income statements for Fulco Company (in thousands): 2014 2013 2012 Sales Sales returns and allowances Net sales Merchandise inventory, beginning Purchases Purchases returns and allowances Freight-in Net cost of purchases Cost of goods available for sale Merchandise inventory, ending Cost of goods sold Gross margin Selling expenses General and administrative expenses Total operating expenses Income before income taxes Income tax expense Net income 1,144 96 76 $ 1,268 $ 152 768 676 $ 124 $ 68 116 756 $ 848 728 156 $ 168 716 $ 568 $ 504 312 $ 156 S 132 520 512 $ 40 108 12 s 27 29 S