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30) Fill in the blanks (a) through (g) for the Morrison Company for each of the income statements for years 1, 2, and 3. t

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30) Fill in the blanks (a) through (g) for the Morrison Company for each of the income statements for years 1, 2, and 3. t + Year 3+ + 7504 Morrison Company Income Statements For the years ended December 31- Year 1 Year 2 Sales- $7,500 $10,000 Cost of goods sold Merchandise inventory (beginning) (a) 3751 Total cost of merchandise purchases 2,400 3,625 Merchandise inventory (ending)- (b) 750 Cost of goods sold- 2.770 (d) Gross profit 6,750 Operating expenses 3,750 3,750 Net income- $ 980 (e) t 4,875 625- 5,000 5,200 - $ 2,500

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