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Fill in the blanks Check my work This exercise stresses the relationships between the...

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Accounting

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Check my work 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.) e Net Sales Beginning Ending Inventory 35,200 tory Cost of Goods Sold Goods sold Net Net Purchases 104,000 300,000 Net Income or (Loss) Gross Profit 185,200 Expenses 72,000 76,000 73,000 200,000 330,000 570,000 630,000 790,000 20,000 264,000 441,000 200,000 135,000 260,000 450,000 189,000 234,000 140,000 140,000 260,000 e. 156,000 300,000 (15,000)

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