Exercise 8-6

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.

		2016		2017		2018
Sales revenue		$290,040		$		$412,060
Sales returns and allowances		(12,080)		(13,370)
Net sales				344,851
Beginning inventory		20,500		33,580
Ending inventory
Purchases				258,490		295,577
Purchase returns and allowances		(4,650)		(7,650)		(9,510)
Freight-in		7,840		9,070		12,000
Cost of goods sold		(230,630)				(291,474)
Gross profit on sales		47,330		95,500		97,150