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 ($) 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 Year 2019 $7,500 $10,000 X 375 2,400 3,625 750 2,770 6,750 3750 3,750 $980 $3,000