Write your answer in the space provided or on a separate sheet of paper. 39) Fill in the blanks (a) through (g) for the Morrison Company for each of the income statements for years 1, 2, and 3

sales	7500	10000	(f)
cost of goods sold	(a)	375	750
Merchandise Inventory (beginning)	2400	3635	4875
Total cost of merchandise purchases	2400	3625	4875
Merchandise Inventory (ending)	(b)	750	625
Cost of Goods Sold	2770	(d)	5000
Gross profit	(c)	6750	5200
Operating Expenses	3750	3750	(g)
Net Income	980	(e)	2500

pls explain like im 5 years old