Question 4 --/1 View Policies Current Attempt in Progress Metlock, 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 2020 through 2023, inclusive. (a) Calculate the missing amounts. 2020 2021 2022 2023 Income Statement Data Sales revenue $77,000 $ (e) $65,000 Cost of goods sold (a) 21,760 21,420 Gross profit 56,980 46,240 (0) Operating expenses 50.820 (f) 40,320 Net income $ (b) $ 2,720 $ 6) Balance Sheet Data Inventory $11,000 $ (c) $11,700 $ (k) Accounts payable 4.800 5,500 3.600 (0) Additional Information Purchases of inventory on account 20,890 $ (g) $19,050 Cash payments to suppliers (d) (h) 19,550 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit