Compute the Missing Amounts That Are Numbered in Parentheses for the Income

question 101

Essay

Compute the missing amounts that are numbered in parentheses for the income statement of each independent case. (Hint: Each case need not be calculated in the numerical order of the missing numbers.) $\begin{array}{lrcr}&\text { Case A } & \text { Case B } & \text { Case C } \\\text { Sales revenue } & \$ 800 & \$ 800 & \$(9) \\\text { Beginning inventory } & 100 & (5) & 90 \\\text { Purchases } & 500 & 420 & (10) \\\text { Total goods available } \\\text { for sale }& (1) & (6) & (11)\\\text { Ending inventory } & 150 & 110 & 160 \\\text { Cost of goods sold } & (2) & (7) & 340 \\\text { Gross profit } & (3) & (8) & (12) \\\text { Expenses } & 300 & 400 & 420 \\\text { Net Income } & (4) & (50) & 60\end{array}$

---

Definitions:

EEOC

Equal Employment Opportunity Commission, a federal agency that enforces laws against workplace discrimination in the United States.

Annual Leave

Paid time off granted by employers to employees to be used for personal reasons throughout the year.

Commuter Marriages

Marriages in which the spouses live apart in different geographical locations due to their work commitments, leading to periodic commuting.

Resent

To feel bitterness or indignation due to a perceived wrong or injustice.