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Below are Corman Company's income statements for years 1 and 2. Required: What is the amount for (c)? (no dollar signs or commas - please

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Below are Corman Company's income statements for years 1 and 2. Required: What is the amount for (c)? (no dollar signs or commas - please use a positive number, not negative) Corman Company Income Statements For the years ended December 31 Year 1 Year 2 Sales $10,000 (e) Cost of goods sold Merchandise inventory (beginning) 375 750 Total cost of merchandise purchases 3,625 4,875 Merchandise inventory (ending) 750 (d) Cost of goods sold (a) 5,000 Gross profit 6,750 5,200 Operating expenses 3.750 c) Net income (b) $2.500

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