Question: Using your accounting knowledge, find the missing amounts in the following separate income statements. $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600

Using your accounting knowledge, find the missing amounts in the following separate income statements. $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 Sales Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net income (loss) 7,300 33,000 5,200 4,460 5,500 8,700 2,800 19,000 33,860 8,000 25,000 5,900 11,060 $ (5.160) 11,530 13,770 43,500 3,300 $ 40,200 6,700 $
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