Fill in the blanks (a) through (g) for the Morrison Company for each of the income statements for years 1, 2, and 3.
(a) 2,770 + 375 — 2400 = 745
(b) 375, the beginning inventory for Year 2 is the ending inventory for Year 1
(c) 980 + 3,750 = 4,730
(d) 10,000 — 6,750 = 3,250
(e) 6,750 — 3,750 = 3,000
(f) 5,000 + 5,200 = 10,200
(g) 5,200 — 2,500 = 2,700
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