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Data table \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Company & & Net Sales & \begin{tabular}{l} Beginning \\ Inventory \end{tabular} & \begin{tabular}{c} Net \\ Purchases \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{l} Gross \\ Profit \end{tabular} \\ \hline Gerald & $ & 107,000 & 24,000$ & 65,000$ & 22,000 & (a) & (b) \\ \hline Adams & & 135,000 & 31,000 & (c) & 35,000 & (d) & 42,000 \\ \hline Allen & & (e) & (f) & 59,000 & 25,000 & 63,000 & 35,000 \\ \hline Paulus & & 85,000 & 12,000 & 26,000 & (g) & 36,000 & (h) \\ \hline \end{tabular} 1. Supply the missing income statement amounts for each of the companies. 2. Prepare the income statement for Gerald Company for the year ended December 31, 2021. Use the cost-of-goods-sold model to compute cost of goods sold. Gerald's operating and other expenses for the year were $38,000. Ignore income tax. Review the income statement data for each of the following companies: (Click the icon to view the data.) Read the requirements. Requirement 1. Supply the missing income statement amounts for each of the companies. Data table \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Company & & Net Sales & \begin{tabular}{l} Beginning \\ Inventory \end{tabular} & \begin{tabular}{c} Net \\ Purchases \end{tabular} & \begin{tabular}{c} Ending \\ Inventory \end{tabular} & \begin{tabular}{c} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{l} Gross \\ Profit \end{tabular} \\ \hline Gerald & $ & 107,000 & 24,000$ & 65,000$ & 22,000 & (a) & (b) \\ \hline Adams & & 135,000 & 31,000 & (c) & 35,000 & (d) & 42,000 \\ \hline Allen & & (e) & (f) & 59,000 & 25,000 & 63,000 & 35,000 \\ \hline Paulus & & 85,000 & 12,000 & 26,000 & (g) & 36,000 & (h) \\ \hline \end{tabular} 1. Supply the missing income statement amounts for each of the companies. 2. Prepare the income statement for Gerald Company for the year ended December 31, 2021. Use the cost-of-goods-sold model to compute cost of goods sold. Gerald's operating and other expenses for the year were $38,000. Ignore income tax. Review the income statement data for each of the following companies: (Click the icon to view the data.) Read the requirements. Requirement 1. Supply the missing income statement amounts for each of the companies