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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