(LO 2) (Determining Merchandise AmountsāPeriodic) Two or more items are
of the following tabulations of income statement data. Fill in the amounts that are missing
2024
2025
2026
Sales revenue
$290,000
$360000 $410,000
Sales returns and allowances
11,000
13,000
20000
Net sales
279000
347,000 390,000
Beginning inventory
20,000
32,000
37000
Ending inventory
32000
37000 44000
Purchases
242000 260,000
298,000
Purchase returns and allowances
5,000
8,000
10,000
Frieght-in
8,000
9,000
12,000
Cost of goods sold
233,000
256000 293,000
Gross profit on sales
46,000
91,000 97,000