The income statements for the years 2018 & 2019 for Al-Hejaz Merchandise Company is presented below, what is the value of (X)? The blue blocks are hidden in purpose. However, you are only required to write the value of X. [when typing numbers, do NOT use Dollar sign (S). Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise Inventory (ending)... Cost of goods sold Gross profit Other expenses Net profit Year 2018 $7,500 Year 2019 $10,000 X 375 2,400 3,625 750 2,770 6,750 3750 3,750 $980 $3,000