vork Saved Help Save C Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) b $ 62,000 $ 43,500 $ 46,000 $ 25,600 8,000 38,000 4.560 6,600 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net Income (loss) 7.000 34,050 17,050 7.500 8,000 32,000 (3.000) (9.000) (6.600) 16 000 3,750 45600 10,650 12.150 3600 $ 16,850 $ (8,400) $ 42,000 6,000 10,000 erey 1 of 6 Next > 078F Mostly cloud O BI E 99 sch Required information 1 2 3 5 6 LALA 7 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Note: Enter debits before credits. Date General Journal Credit Debit 21,000 May 15 420 Cash Sales discounts Accounts receivable 20,580 Record entry Clear entry View general journal