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Fill in the missing amounts from the chart below regarding the calculation of Bean Corporation's estimated inventory using the retail method of estimation.
Liquidity
The ease with which an asset, or security, can be converted into ready cash without affecting its market price.
Expenses Incurred
Costs that have been realized during the course of a business operation or activity.
Net Income
The amount of money remaining after all operating expenses, taxes, and interest have been deducted from total revenue.
Sales
The process of exchanging a product or service for monetary value, typically in a business setting.
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