Data Table 2019 2018 2017 $ 217,000 $ 170,000 $ 184,000 Net Sales Revenue Cost of Goods Sold: $ 50,000 96,000 146,000 31,000 24,000 $ 31,000 106,000 Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold 37,000 161,000 35,000 137,000 24,000 113,000 57,000 29,000 $ 28,000 126,000 15,000 91,000 61,000 69,000 29,000 Gross Profit Operating Expenses Net Income $ 30,000 40,000 Data Table 2019 2018 2017 $ 217,000 $ 170,000 $ 184,000 Net Sales Revenue Cost of Goods Sold: $ 50,000 96,000 146,000 31,000 24,000 $ 31,000 106,000 Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold 37,000 161,000 35,000 137,000 24,000 113,000 57,000 29,000 $ 28,000 126,000 15,000 91,000 61,000 69,000 29,000 Gross Profit Operating Expenses Net Income $ 30,000 40,000