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This problem is about calculating various financial statement items for Skysong, Inc., based on given information in the income statement and balance sheet, as well as additional data points related to inventory purchases and cash payments. I’ll guide you through calculating each missing element step by step.

### Given Information
1. **Sales Revenue, Cost of Goods Sold (COGS), Gross Profit, Operating Expenses, and Net Income** for the years 2023-2025 are partially provided, with some values missing.
2. **Balance Sheet Data** including **Inventory** and **Accounts Payable** for the years 2023-2025.
3. **Additional Information** such as **Purchases of Inventory on Account** and **Cash Payments to Suppliers**.

Let's proceed with each part.

#### Step-by-Step Solution

1. **Gross Profit Calculation (a) for 2024**:
   - Gross Profit = Sales Revenue - Cost of Goods Sold
   - For 2024, we have Sales Revenue = $105,000 and Gross Profit = $76,650.
   - \[
   \text{Cost of Goods Sold} = \text{Sales Revenue} - \text{Gross Profit} = 105,000 - 76,650 = 28,350
   \]
   - **This matches with the given COGS for 2024, confirming Gross Profit calculation.**

2. **Net Income Calculation (b) for 2024**:
   - Net Income = Gross Profit - Operating Expenses
   - For 2024, Gross Profit = $76,650 and Operating Expenses = $69,300.
   - \[
   \text{Net Income} = 76,650 - 69,300 = 7,350
   \]
   - **Net Income for 2024 is $7,350.**

3. **Inventory Calculation (c) for 2024**:
   - The ending inventory for 2023 is given as $14,000, and there’s no mention of purchases, so we assume **2023 inventory carries over as 2024’s beginning inventory**.
   - Hence, **Inventory for 2024 is $14,000**.

4. **Operating Expenses Calculation (f) for 2025**:
   - From the information for 2025, we know Gross Profit is $56,000 and Net Income is $4,800.
   - Operating Expenses = Gross Profit - Net Income
   - \[
   \text{Operating Expenses} = 56,000 - 4,800 = 51,200
   \]
   - **Operating Expenses for 2025 are $51,200.**

5. **Remaining calculations for unknowns (d), (e), (g), and (h)** require additional inventory or purchasing/cash flow information or assumptions to finalize.

Would you like me to continue with any specific calculations or explain further? 

### Related Questions
1. How do we calculate accounts payable for 2025 based on additional purchases?
2. What formulas can be used to calculate missing sales revenue in 2024 and 2025?
3. How do inventory and COGS interrelate in a periodic inventory system?
4. What impacts do operating expenses have on net income?
5. How can we calculate cash flow from operating activities in this scenario?

**Tip:** Always cross-check calculations by using both income statement and balance sheet figures, especially when items are interdependent.

Calculate the missing amounts for Skysong, Inc.'s income statement and balance sheet data based on provided values for sales revenue, cost of goods sold, gross profit, operating expenses, and net income.

Learn how to calculate missing values for Skysong, Inc.'s income statement and balance sheet, including sales revenue, cost of goods sold, gross profit, operating expenses, and net income for 2023-2025. This guide covers financial accounting concepts suitable for undergraduate students.

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