#M takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Income Statement for a Merchandiser Solve for the missing amounts corresponding to the letters in the following income statement for Carpenters Department Store Inc. Net sales $165,400 Cost of goods sold: Beginning inventory $32,340 Net purchases $(a) Transportation-in 8,660 Cost of goods purchased 108,250 Cost of goods available for sale $140,590 Ending inventory (c) Cost of goods sold (b) Gross profit $52,930 Operating expenses (d) Income before tax $35,990 Income tax expense 12,600 Net Income S(e) Item Amount a. Net purchases b. Cost of goods sold $32,340 $(a) 8,660 108,250 $140,590 Beginning inventory Net purchases Transportation-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Income before tax (b) $52,930 (d) $35,990 12,600 Income tax expense Net income $(e) Item Amount a. Net purchases b. Cost of goods sold c. Ending inventory d. Operating expenses De e. Net income #M takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Income Statement for a Merchandiser Solve for the missing amounts corresponding to the letters in the following income statement for Carpenters Department Store Inc. Net sales $165,400 Cost of goods sold: Beginning inventory $32,340 Net purchases $(a) Transportation-in 8,660 Cost of goods purchased 108,250 Cost of goods available for sale $140,590 Ending inventory (c) Cost of goods sold (b) Gross profit $52,930 Operating expenses (d) Income before tax $35,990 Income tax expense 12,600 Net Income S(e) Item Amount a. Net purchases b. Cost of goods sold $32,340 $(a) 8,660 108,250 $140,590 Beginning inventory Net purchases Transportation-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Income before tax (b) $52,930 (d) $35,990 12,600 Income tax expense Net income $(e) Item Amount a. Net purchases b. Cost of goods sold c. Ending inventory d. Operating expenses De e. Net income