Question: Question Content Area Determining amounts for items omitted from income statement One item is omitted in each of the following four lists of income statement

Question Content Area

Determining amounts for items omitted from income statement

One item is omitted in each of the following four lists of income statement data. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

Determine the amounts of the missing items. Round your answers to the nearest dollar.

Line Item Description	Chase Company	Jessup Inc.	Osterman Company	Snyder Co.
Sales	$731,800	$fill in the blank 2	$8,230,000	$fill in the blank 3
Cost of goods sold	fill in the blank 4	156,850	fill in the blank 5	43,500
Gross profit	117,800	40,400	2,350,000	16,000

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