Fill in the blanks in the following separate income statements a through e. a b d Sales......

Fill in the blanks in the following separate income statements a through e.

Transcribed Image Text:

a b d Sales...... $62,000 $43,500 $55,000 $ ? $25,600 Cost of goods sold Merchandise inventory, beginning.... 8,000 17,050 7,500 8,000 4,560 Total cost of merchandise purchases.. 38,000 ? ? 32,000 6,600 Merchandise inventory, ending . ? 3,000 9,000 6,600 ? Cost of goods sold 34,050 16,000 7,000 Gross profit ? ? 12,750 45,600 Expenses .. 10,000 10,650 12,150 3,600 6,000 $ ? Net income (loss).. $ ? $16,850 $ 600 $42,000