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.) Sales $ 62,000$ 44,700 53,000 $ 26,700 Cost of goods sold 8,800 Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold 7,100 44,000 (2,400)(8,000)(7,000) 4,380 6,400 16,040 6,700 31,000 33,770 17,000 7,500 Gross profit Expenses Net income (loss) 49,200 4,800 $ 17,110$ (6,530)$ 44,400 5,100 11,630 10,000 10,590 7,800