Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct. d $ 62,000 $ 43,500 s 46,000 $ 79,000 Is 25,600 17,050 1,950 7,500 43,750 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 38,000 1,174 X 34,050 27,950 10,000 17,950 IS (3,000) 16,000 27,500 10,650 16,850 (9,000) 42,250 3,750 12,150 (8,400) 8,000 32,000 (6,600) 33,400 45,600 3,600 42,000 4,560 6,600 19,300 7,000 18,600 6,000 12,600 $ $ s s Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) & Answer is complete but not entirely correct. a b S 62,000 IS 43,500 ls 46,000 $ 79,000 25,600 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 38,000 11,950 X 34,050 27,950 10,000 17,950 $ 17,050 1,950 (3.000) 16,000 27,500 10.650 16,850 7,500 43,750 (9,000) 42.250 3,750 12, 150 (8.400) 8,000 32,000 (6,600) 33.400 45,600 3,600 42,000 4,560 6,600 4,160 7,000 18,600 6,000 12,600 S S $ S