Question: 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

Exercise 8-6 Two or more items are omitted in each of

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 $288,230 (11,030) 277,200 2017 2018 Sales revenue Sales returns and allowances Net sales Beginning inventory Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales $409,650 358,253 (13,510) 344,743 29,280 21,300 29,280 223,890 (4,500) 7,290 (229,080) 48,120 298,306 (9,160) 11,480 (295,064) 105,390 261,900 (8,680) 8,480 97,640

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