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It's kind of blurry this was the best I could do but please help me I don't understand this! Uulioes expense Selling espenses 5,000 6,000

image text in transcribedIt's kind of blurry this was the best I could do but please help me I don't understand this!
Uulioes expense Selling espenses 5,000 6,000 105,000 Additional Information Accrued sales salaries amount to of year end merchandise inventory shows $28.450 of goods still available $1,700. Prepaid selling espenses of $3,000 have expired.A physical cn Using your accounting knowledge, fill in the blanks in the following separate Identify any negative amount by putting it in parentheses income statements a through income statements a through e $62,000$43,500$46,000 $ $25,600 Sales Cost of goods sold ,5008,000 4560 Merchandse nventory (begnning) Total cost of merchandise purchase..38.000 Mechventory (ending) Cost of goods sold 8.000 (i 7,000 Groofs Expenses Net ecome Goss).. 375045,600 12.199 -10AS _a.iso etail company ecently completed a physical count of ending merchandise inventory to use in prepar- adjusting entries. In determining the cost of the counted inventory, company employees failed to sider that $3,000 of incoming goods had been shipped by a supplier on December 31 under an FOB ipping point agreement. These goods had been recorded in Merchandise Inventory as a purchase, but y were not included in the physical count because they were in transit. Explain how this overlooked t affects the company's financial statements and the following rmtios: return on assets, debt ratio, cur t ratio, and acid-test ratio ler to the infomation in Esencise $-11 and explain how the error in the physical count affects the com er to the information in y'sgross margin ratio and its profit margin ratio

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