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.) Net Sales Beginning EndingCost of Net Income Purchases Inventory Goods Sold Gross Profit Expenses or (LoSS 260,000 76,000 104,000 35,200 144,800 115,200 72,000 43,200 b | 470.000| 800001 300.000[ 11 264,000- 186,000 20.000 29,000 220,000 630,000 820,000 190,000 135,000 441,000 189,000 234000 280,000 (46,000 250,000300000 130000 145,000 (15,00 450,000 130,000 (15,000)