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Using your accounting knowledge, find the missing amounts in the following separate income statements. (Amounts to be deducted should be indicated by a minus sign.)
Using your accounting knowledge, find the missing amounts in the following separate income statements. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete Sales $ 62,000 $ 43,500$46,000 49,200 x 25,600 Cost of goods sold Merchandise inventory 4,560 6,600 (4,160) 7,000 18,600 6,000 8,000 17,050 7,500 8,000 32,000 (6,600) 46,600 45,600 3,600 nnin Total cost of merchandise 38,000 urchases 11,950(3,000) 16,000 (9,000) Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 34,050 2,9027,5003,750 10,000 12,150 17,950 $ 16,850 |$ (8,400) |$ 42,000 $ (18,000) 10,650
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