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 £13,000. (Show items in brackets where appropriate) Supply the missing amounts for each of the following companies: £ Closing Cost of Gross Sales Revenue Opening Inventories Purchases Inventories Goods Sold Company Profit (a) Ash 22,000 62,000 20,000 37,000 (b) (c) Elm 28,000 91,000 94,000 43,000 (d) (e) Fir 55,000 25,000 62,000 (f) (g) Oak 83,000 9,000 5,000 49,000 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.) Cost of goods sold: 101,000 95,000