Selected income statement items are shown for Astrotech Company. Compute the missing amo...

Selected income statement items are shown for Astrotech Company. Compute the missing amounts for each of the four years. What basic accounting equation did you apply in making your calculations?

(Hint: To estimate the Year 4 missing numbers, compute the typical percentage each expense item is of sales for Years 1 to 3 and apply the percentage figure for each expense item to Year 4’s sales.)