This exercise stresses the relationships between the information recorded in a periodic inven- tory system and the basione comunits of an income statement. Each of the five lines represents separate serof information. You are to copy the table and fill in the missing amounts. A net loss in the right-hand column is to be indicated by placing brackets around the amount, as for ex- ample, in line e (25.000). Net Sales Ending & 300.000 600,000 700.000 d 900.000 7 Begin- ning Inventory 95,000 90.000 230,000 ? 260,000 Net Pur- chase. Inventory 130,000 44,000 340,000 ? ? 185,000 500.000 150,000 7 255.000 Cost of Net Goods Gross Income Sold Profit Expenses or (Loss) ? 119.000 90.000 7 330,000 ? ? 25,000 490.000 210,000 165,000 7. ? 260,000 300,000 7. 660,000 225,000 ? (25,000)