QUESTION 22 Problems Use the following information to answer questions 22 to 26. Fill in the blanks (a) through (e) for the Corman Company for each of the income statements for years 1 and 2 Corman Company Income Statements For the years ended December 31 N Year 2 $10.000 375 3,625 4,875 Sales Cost of goods sold | Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Operating expenses Net income 750 5.000 6.750 5.200 3.750 $12.500 The net income in Year 1 is equal to QUESTION 23 Problem 5 (continued) The Cost of Goods Sold in year 1 is equal to QUESTION 24 Problem 5 (continued) The operating expenses in Year 2 is equal to QUESTION 25 Problem 5 (continued) The Merchandise Inventory Ending in year 2 is equal to QUESTION 26 Problem 5 (continued) The total sales in Year 2 is equal to