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QUESTION

wo or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.

wo or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.

2016

2017

2018

Sales revenue

$291,520

$

$409,620Sales returns and allowances

(10,540)

(12,950)

Net sales

348,007

Beginning inventory

21,030

31,530

Ending inventory

Purchases

258,690

300,270Purchase returns and allowances

(5,050)

(7,200)

(9,720)Freight-in

8,210

9,270

11,390Cost of goods sold

(230,400)

(290,077)Gross profit on sales

50,580

85,510

96,990

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