Question: Inferring Missing Amounts Based on Income Statement Relationships E7-2 Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missing dollar amounts for the
Inferring Missing Amounts Based on Income Statement Relationships
E7-2 Inferring Missing Amounts Based on Income Statement Relationships LO7-1 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 S 7,680 $6,110 Net sales revenue Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) $11,090 S 3,800 9,330 13,130 $6,550 4,840 15,070 10,300 10,890 4,330 1,440 310 640 S 1,740 $ (510) $1,140
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