Question: Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.

Exercise 8-06 Two or more items are omitted in each of

Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2020 2019 $288,820 (11,060) 2021 $410,020 Sales revenue Sales returns and allowances Net sales (13,430) 348,998 33,650 Beginning inventory 19,210 Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales 261,470 (7,800) 8,410 (5,040) 8,110 (235,200) 42,560 298,835 (10,240) 12,600 (293,080) 96,640 95,570

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