Inferring Missing Amounts Based on Income Statement Relationships
Supply the missing dollar amounts for the income statement for each of the following independent cases:
Cases | Sales Revenue | Beginning Inventory | Purchases | Total Available | Ending Inventory | Cost of Goods Sold | Gross Profit | Expenses | Pretax Income (Loss) |
A | $ 650 | $100 | $700 | $ ? | $500 | $ ? | $ ? | $200 | $ ? |
B | 1,100 | 200 | 900 | ? | ? | ? | ? | 150 | 150 |
C | ? | 150 | ? | ? | 300 | 200 | 400 | 100 | ? |
D | 800 | ? | 550 | ? | 300 | ? | ? | 200 | 200 |
E | 1,000 | ? | 900 | 1,100 | ? | ? | 500 | ? | (50) |
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