Using your accounting knowledge, fill in the blanks in the following separate income statements a through

e. Identify any negative amount by putting it in parentheses.

a b c d e Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $62,000 $43,500 $46,000 $ ? $25,600 Cost of goods sold Merchandise inventory (beginning) . . . . . . . . . . 8,000 17,050 7,500 8,000 4,560 Total cost of merchandise purchases . . . . . . . 38,000 ? ? 32,000 6,600 Merchandise inventory (ending) . . . . . . . . . . . . ? (3,000) (9,000) (6,600) ?
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . 34,050 16,000 ? ? 7,000 Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . ? ? 3,750 45,600 ?
Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 10,650 12,150 3,600 6,000 Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . $ ? $16,850 $ (8,400) $42,000 $ ?