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Fill in the blanks in the following separate income statements a through e . (Amounts to be deducted should be indicated by a minus sign.)
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.)
a | b | c | d | e | |
---|---|---|---|---|---|
Sales | $62,000 | $44,700 | $53,000 | $26,700 | |
Cost of goods sold | |||||
Merchandise inventory (beginning) | 8,800 | 16,040 | 6,700 | 7,100 | 4,380 |
Total cost of merchandise purchases | 31,000 | 44,000 | 6,400 | ||
Merchandise inventory (ending) | (2,400) | (8,000) | (7,000) | ||
Cost of goods sold | 33,770 | 17,000 | 7,500 | ||
Gross profit | 5,100 | 49,200 | |||
Expenses | 10,000 | 10,590 | 11,630 | 4,800 | 7,800 |
Net income (loss) | $17,110 | $(6,530) | $44,400 |
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