Using your accounting knowledge, find the missing amounts in the following separate income statements. (Amounts to be deducted should be indicated by a minus sign.)

 

a b e Sales $62,000 $43,500 $46,000 fill in blank $25,600 Cost of goods sold Merchandise inventory 8,000 17,050 7,500 8,000 4,560 (beginning) Total cost of merchandise 38,000 fill in blank fill in blank 32,000 6,600 purchases Merchandise inventory (11,950) (3,000) (9,000) (6,600) (4,160) (ending) Cost of goods 34,050 16,000 fill in blank fill in blank 7,000 sold Gross profit 27,950 fill in blank 3,750 45,600 18,600 Expenses 10,000 10,650 12,150 3,600 6,000 Net income (loss) S17,950 $16,850 S(8,400) $42,000 $12,600