problem 20 determining the missing elements of the income statement with explanation

SCORE: PROFESSOR: SECTION: Problem #20 Determining the Missing Elements of the Income Statement Tts. The partial income statements of five different companies are as follows: 1 2 3 4 5 a Net Sales Merchandise Inventory, 1/1/2018 Net Cost of Purchases Goods Available for Sale Merch. Inventory, 1/31/2018 Cost of Goods Sold b 80,000 110,000 40,000 d 50,000 e 160,000 f 140,000 250,000 70,000 g h 30,000 230,000 290,000 j 160,000 k 70,000 1 400,000 120,000 390,000 m 380,000 i 40,000 160,000 o o 50,000 Gross Profit Required: Replace the lettered blanks with the appropriate amounts