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 ) case A Case B Case C net sales 7500 5050 beg inv 11200 7000 4000 purchases 4500 9500 Goods avail for sale 15050 13500 Ending Inv 9000 11050 COGS 4200 Gross Profit 800 Expenses 300 700 Pretax income (loss) 500 150

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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

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.)

case A Case B Case C

net sales		7500				5050
beg. inv	11200		7000		4000
purchases	4500				9500
Goods avail for sale			15050		13500
Ending Inv	9000		11050
COGS						4200
Gross Profit				800
Expenses		300				700
Pretax income (loss)		500				150

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