Question: Using your accounting knowledge, find the missing amounts in the following separate income statem b e Sales $ 62,000 $ 44,300 55,000 $ 27,000 Cost
Using your accounting knowledge, find the missing amounts in the following separate income statem b e Sales $ 62,000 $ 44,300 55,000 $ 27,000 Cost of goods sold 7,100 16,440 Merchandise inventory, beginning 5,800 7,200 30,000 5,400 4,510 5,700 Total cost of merchandise purchases 36,000 Merchandise inventory, ending 2,800 17,000 8,600 Cost of goods sold 33,610 6,400 Gross profit 3,000 41,500 Expenses 24,000 4,600 $ 16,980 $ (8,170) S 36,900 10,320 11,170 7,200 Net income (loss)
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