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Shamrock, Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products....

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Accounting

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Shamrock, Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2020 through 2023, inclusive. (a) Calculate the missing amounts. 2020 2021 2022 2023 $81,000 $ e) $65,000 (a) 22,400 22,100 it 57,510 47,600 (i) 53,460 (f) 41,600 $ (b) $ 2,800 $ 00) $11,400 $ (c) $12,300 (k) 5,000 5,700 3,800 (0) . y 21.890 $ (2) $20,050 : to (d) (h) 20,550 Calculate the missing amounts. 2020 2021 2022 2023 $81,000 $65 a) 22.400 22 57,510 47,600 53,460 41 $ (b) $ 2,800 Income Statement Data Sales revenue Cost of goods sold Gross profit Operating expenses Net income Balance Sheet Data Inventory Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers $11,400 $ (c) $12,300 $ 5,000 5,700 3,800 21,890 ing $20 (d) (h) 20

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