Practice Question 2 Fill in the blanks. Identify any losses by putting the amount in brackets. Vikramjot Singh Brar Sales 2017 Company A 2016 Company B 2017 2016 $110,000 $178,000 $90,000 $ ? Cost of Goods sold: Merchandise inventory (beginning) 8,700 27,300 8,875 6,000 Net cost of merchandise purchases 82,000 ? ? 26,100 Merchandise inventory (ending) ? 22,000 8,920 9,875 Cost of Goods sold 82,300 106,000 ? ? Gross profit from sales ? ? 39,545 19,775 Operating expenses 26,000 54,000 27,000 ? Profit (Loss) 1,700 18,400 ? 6,275 Gross Profit Margin ? ? ? ?