Bain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Statements Sample Company Income Statement For the Year Ended December 31, 2048 $42,000.00 Sales Cost of goods sold: $5.250.00 Beginning merchandise inventory - Plus net purchases 6,400.00 Merchandise available for sale $11.650.00 Less ending merchandise inventory 7. Cost of merchandise sold 11.250,00 $30,750.00 $6,400.00 8 Gross profit Operating expenses 10 Selling expenses 11 Administrative expenses 12 Total operating expenses Net income 5.250.00 11.650.00 $19.100.00