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


Using your accounting knowledge, find the missing amounts in the following separate income statements. (Amounts to be deduct should be indicated by a minus sign.) a b C d e Sales $ 62,000 $ 43,500 $ 46,000 $ 25,600 Cost of goods sold ook Merchandise inventory (beginning) 8,000 17,050 7,500 8.000 4,560 lint Total cost of merchandise purchases 38,000 32,000 6,600 Print Merchandise inventory (ending) (3,000) (9,000) (6,600) Cost of goods sold 34,050 16,000 7,000 rences Gross profit 3,750 45,600 Expenses 10,000 10,650 12, 150 3,600 6,000 Net income (loss) $ 16,850 $ (8,400) $ 42,000
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