Question: 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.)
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.) Net sales revenue Beginning inventory 11,020 Case A Case B 7,680 6,680 Case C 6,070 Purchases 4,860 Goods available for sale Ending inventory 10,300 15,070 10,940 $ 3,990 9,340 13,330 Cost of goods sold 4,400 Gross profit 1,410 Expenses 290 560 Pretax income (loss) $ 1,810 $ (580) $ 1,110
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