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Fill In the blanks In the following separate Income statements a through e. Sales a b 0 $ 66,000 $ 43,600 $ 53,000 $
Fill In the blanks In the following separate Income statements a through e. Sales a b 0 $ 66,000 $ 43,600 $ 53,000 $ 27.000 Cost of goods sold Merchandise inventory beginning 8,000 16.660 5,400 7,200 4,500 Total cost of merchandise purchases 35,000 28,000 6,600 Merchandise inventory ending 2,900 8,300 7,600 Cost of goods sold 33,860 18,000 7,800 Gross profit 12,850 41.100 Expenses 19,000 10,800 12,200 4.600 7,300 Net income (loss) $ 14.800 S 650 $ 36,500
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