Income Statement for a Merchandiser Solve for the missing amounts corresponding to the letters in the following income statement for Carpenters Department Store Inc. Net sales Cost of goods sold Beginning inventory $111,300 $21,760 s(a) 5,830 Transportation-in Cost of goods purchased Cost of goods available for sale 72,840 $94,600 Ending inventory Cost of goods sold Gross profit Operating expenses Income before tax Income tax expense Net income Item a. Net purchases b. Cost of goods sold $35,620 $24,220 8,480 s(e) Amount Previous Net Check My Work 2 more Check My Work uses remaining All work saved MacBook Air F9 F8 eBook Cost of goods sold: Beginning inventory Net purchases Transportation-in Cost of goods purchased Cost of goods avallable for sale Ending inventory Cost of goods sold Gross profit Operating expenses Income before tax Income tax expense Net income $21,760 s(a) 5,830 72,840 $94,600 $35,620 $24,220 8,480 s(e) Amount Item a. Net purchases b. Cost of goods sold c. Ending inventory d. Operating expenses e. Net income Check My Work 2 more Check My Work uses remaining All work saved. MacBook Air