a b c d e Sales $ $64,000$ $ $44,800$ $ $39,000$ $ $24,200$ Cost of goods sold Merchandise inventory, beginning $7,30016,7205,8007,3004,480$ Total cost of merchandise purchases $32,00033,0006,700$ Merchandise inventory, l ending $2,8008,9007,600$ Cost of goods sold $33,63017,0007,700$ Gross profit $14,35048,700$ Expenses $17,00011,89012,9505,7006,700$ Net income $($loss$)$ $ $15,910$ $ $1,40043,000$