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Rodriguez Inc. operates a retail operation that purchases and sells home entertainment products. The company purchases all merchandise inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2009 through 2012, inclusive.
2009
2010
2011
2012
Income Statement Data
Sales revenue
$55,000
$ (e)
$47,000
Cost of goods sold
(a)
13,800
14,300
Gross profit
38,300
35,200
(i)
Operating expenses
34,900
(f)
28,600
Net income
$ (b)
$ 2,500
$ (j)
Balance Sheet Data
Inventory
$7,200
$ (c)
$ 8,100
$ (k)
Accounts payable
3,200
3,600
2,500
(l)
Additional Information
Purchases of merchandise
inventory on account
$14,200
$ (g)
$13,200
Cash payments to suppliers
(d)
(h)
13,600
Instructions
(a) Calculate the missing amounts.
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