Problem 5-8A Sage Hill Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2015 through 2018, inclusive Calculate the missing amounts 2015 2016 2017 2018 Income Statement Data Sales revenue $106,579 $90,442 30,866 29,139 Cost of goods sold Gross profit Operating expenses 74,580 65,582 70,004 58,157 3,861 0) Net income Balance Sheet Data Inventory Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers $14,300 $16,170 6,380 7,150 5,060 28,479 $26,455 h) 27,115