a $ 62,000 $ 43,500 d + $ 46,000 $ 25,600 17,050 7,500 8,000 38,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 8.000 32,000 (6,600)| 4,560 6,600 (9,000) (3,000) 16,000 34,050 7,000 10,000 3,750 12,150 (8,400) 10,650 16,850 45,600 3,600 42,000 6,000 $ $ $