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7. Using your accounting knowledge, find the missing amounts in the following separate income statements a through e. (Amounts to be deducted should be indicated
7. Using your accounting knowledge, find the missing amounts in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) Sales $77,300$ 54,728$50,245 $ 30,379 Cost of goods sold 7,344 44,064 4,433 Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold 9,245 42,250 (8,870) 3,129 10,952 10,551 (5,133) 17,480 (12,051) 43,664 10,802 Gross profit Expenses Net income (loss) 57,865 2,600 $26,598 $ (9,960)55,265 8,032 17,992 9,000 10,650 6,100
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