(determining merchandise amounts-periodic) Fill the amounts that are missing.                                                                               Sales revenue -   (2016): $290,000    (2017)$?    (2018) $410,000           Sales returns and allowances  - (2016)$11,000   (2017)$13,000    (2018) $?    Net sales                                    (2016) $?        (2017)$347,000     (2018)$?     Beginning inventory                (2016) $20,000  (2017)$32,000      (2018)$?     Ending inventory                      (2016) $?            (2017) $?           (2018) $?     Purchases                                (2016) $?   (2017)$260,000    (2018)$98,000     Purchase returns & allownces 2016)$5,000  (2017)$8,000 (2018)$10,000      Freight-in                              (2016)$8,000  (2017)$9,000 (2018)$12,000     Cost of goods sold             (2016)$233,000    (2017)$?     (2018)$293,000      Gross profit on sales        (2016)$46,000    (2017)$91,000  (2018)$97,000 Instructions:  Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts($?) that are missing.

Question

(determining merchandise amounts-periodic) Fill the amounts that are missing.                        

                                                     

Sales revenue -   (2016): $290,000    (2017)$?    (2018) $410,000          

Sales returns and allowances  - (2016)$11,000   (2017)$13,000    (2018) $?    Net sales                                    (2016) $?        (2017)$347,000     (2018)$?     Beginning inventory                (2016) $20,000  (2017)$32,000      (2018)$?     Ending inventory                      (2016) $?            (2017) $?           (2018) $?     Purchases                                (2016) $?   (2017)$260,000    (2018)$98,000     Purchase returns & allownces 2016)$5,000  (2017)$8,000 (2018)$10,000      Freight-in                              (2016)$8,000  (2017)$9,000 (2018)$12,000     Cost of goods sold             (2016)$233,000    (2017)$?     (2018)$293,000      Gross profit on sales        (2016)$46,000    (2017)$91,000  (2018)$97,000

Instructions:  Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts($?) that are missing.

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