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Question 1: Considering relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five lines represents a separate set of information. What would be the missing amounts. (Enter loss amounts as a negative number.)
NetSales
Beginning Inventory
Net Purchases
Ending Inventory
Cost d Goods Sold
Gross Prdit
Expenses
Net Income or (Loss)
a
230.000
78.000
104.000
35.200
85.200
72.000
b.
470.000
330.000
2134.000
20.000
830.000
170.000
930.000
441.000
189.000
180.000
d
800.000
450.000
135000
234.000
158.000
210.000
350.000
130.000
(15.000)
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