example PROBLEM:

I NEED THIS ONE ANSWERED:

Supply the missing amounts in the preceding table. Prepare the income statement for the year ended December 31, 2025, for Banana Company, which uses the periodic inventory system. Include a complete heading, and show the full computation of cost of goods sold. Banana's operating expenses for the year were $16,000. \begin{tabular}{lrrrrrrr} \hline & \begin{tabular}{c} Net Sales \\ Revenue \end{tabular} & \multicolumn{1}{c}{\begin{tabular}{c} Beginning \\ Inventory \end{tabular}} & \begin{tabular}{c} Net Cost of \\ Inventory \\ Purchased \end{tabular} & \begin{tabular}{c} Ending \\ Merchandise \\ Inventory \end{tabular} & \begin{tabular}{r} Cost of \\ Goods Sold \end{tabular} & Gross Profit \\ \hline Banana & $108,000$ & 22,000 & $60,000 & $ & 18,000 & (a) $ & 44,000 \\ Cherry & (b) & 26,000 & 98,000 & (c) & 90,000 & 45,000 \\ Apple & 94,000 & (d) & 62,000 & 27,000 & 62,000 & (e) \\ Pear & 82,000 & 12,000 & (f) & 9,000 & (g) & 46,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline ompany & & \begin{tabular}{l} let Sales \\ Revenue \end{tabular} & \begin{tabular}{l} Beginning \\ Merchandise \\ Inventory \end{tabular} & \begin{tabular}{l} Net Cost of \\ Inventory \\ Purchased \end{tabular} & \begin{tabular}{c} Ending \\ Merchandise \\ Inventory \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{l} Gross \\ Profit \end{tabular} \\ \hline go & & 103,000$ & 19,000$ & 58,000$ & 14,000 & 63,000$ & 40,000 \\ \hline & & 144,000 & 30,000 & 96,000 & 31,000 & 95,000 & 49,000 \\ \hline ble & & 94,000 & 36,000 & 52,000 & 26,000 & 62,000 & 32,000 \\ \hline & & 86,000 & 9,000 & 31,000 & 4,000 & 36,000 & 50,000 \\ \hline \end{tabular} equirement 2. Prepare the income statement for the year ended December 31, 2025, for Largo Company, which uses the periodic inventory system. Include a complete heading and show the full omputation of cost of goods sold. Largo's operating expenses for the year were $8,000. Largo Company Income Statement Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income