This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts. (Enter loss amounts as a negative number.) Cost of Goods Sold Gross Profit Ending Inventory 35,200 Net Income or (Loss) Beginning Inventory 76,000 72,000 160,000 Net Purchases 104,000 270,000 Expenses 72,000 a Net Sales 240,000 570,000 630,000 780,000 95,200 b. 20,000 264,000 441,000 C. d. 190,000 135,000 230,000 140,000 260,000 450,000 189,000 234,000 140,000 e 156,000 350,000 (15,000)