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2 3 4 5 Fill in the blanks in the following separate income statements a through e. P Sales Cost of goods sold 6 7
2 3 4 5 Fill in the blanks in the following separate income statements a through e. P Sales Cost of goods sold 6 7 8 9 10 Cost of goods sold 11 Gross profit 12 Expenses 13 Net income (loss) 14 Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending F b c $68,000 $43,600 $56,000 8,000 59.000 33 720 22,000 16,950 6,500 2,500 8,100 17,000 10,420 $16,180 13,050 12,300 $750 d $25,500 7,400 4,550 29,000 5,200 7,100 48,200 4,400 $43,800 7,600 6,800
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