Determining Amounts for Items Omitted from Income Statement One item is omitted in each of the following four lists of income statement data. Determine the amounts of the missing items. Chase Company Jessup Inc. Osterman Company Snyder Co. Sales $444,300 $fill in the blank 1 $1,185,000 $fill in the blank 2 Cost of goods sold $fill in the blank 3 $401,900 $fill in the blank 4 $418,400 Gross profit $84,600 $270,300 $336,400 $296,100

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.