Question: value 10.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement.

 value 10.00 points This exercise stresses the relationships between the information

value 10.00 points 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, (Input all amounts as positive values except net loss which should be indicated with a minus sign. Omit the "S" sign in your response.) Beginning Net Ending Cost of Net Sales Inventory Purchases Inventory Goods Sold Gross Profit 290,000 76,000 104,000 35,200 145,200 b 570,000 71.000 280,000 264,000 630,000 190,000 170,000 441,000 189,000 d 780,000 450,000 135,000 234.000 156,000 280,000 350,000 130,000 Profit or (Loss) a Expenses 72.000 20,000 modo 140,000 250,000 (15,000)

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