Question: Using your accounting knowledge, find the missing amounts in the following separate income statements $ 2 000 $ 3.500 $40.000 25.600 1 7050 70 Cost

Using your accounting knowledge, find the missing amounts in the following separate income statements $ 2 000 $ 3.500 $40.000 25.600 1 7050 70 Cost of goods sold Merchandisinventory beginning Total cost of merchandise purchases 1 Merchandso inventory ending Cost of goods sold 8000 38.000 000 2.000 .000 31000 10.000 10.650 16.850 $ 12150 8.400 S .000

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