Using your accounting knowledge, find the missing amounts in the following income statements $62.0001 $43.500| $46,000 $25,600 Sales Cost of goods sold 8,000 17,0507,5008,0004,560 Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold 38,000 32,000 6,600 (3,000) (9,000) (6,600) 34,050 16,000 7,000 3,750 45 600 Gross profit Expenses Net income (loss) 10,000 10.65012.1503,6006,000 $ 16 850r8.400) 42 000 References eBook & Resources