Answer Happy

Supply the missing amounts for each of the following businesses: (Complete the necessary drop downs. Fill in the relevant cells with its corresponding figures.) Prepare the income statement for Ash Company for the year ended 31 December 2021. Include a complete heading and show the full computation of cost of goods sold. Ash's operating expenses for the year were £14,000. (Show items in brackets where appropriate) Supply the missing amounts for each of the following companies: £ Gross Sales Revenue Opening Inventories Closing Cost of Purchases Inventories Goods Sold Company Profit (a) Ash 21,000 61.000 19.000 39,000 (b) (c) Elm 25,000 91.000 94,000 41,000 (d) (e) Fir 55,000 24,000 61,000 (f) (g) Oak 81,000 9,000 7,000 50.000 Prepare the income statement for Ash Company. (Use parentheses or a minus sign for numbers that are typically enclosed in a multi-step income statement.) 102,000 91,000