yet Using your accounting knowledge, fill in the blanks in the following income statement wered rked out of - Particulars Flag question $ Sales 62,000 Cost of goods sold Opening Inventory 8,000 Total cost of merchandise purchases 38,000 Closing Inventory 272 Cost of goods sold Gross profit 34,050 $46,000 $11.950 222 $3.950 $26,050 Expenses 10,000 Net income 17.950 o D fo to 1 8 9 Con 36 a et ered Using your accounting knowledge, fill in the blanks in the following income statement: ed out of Particulars question Sales 62,000 Cost of goods sold Opening Inventory 8,000 Total cost of merchandise purchases 38,000 Closing Inventory 777 Cost of goods sold Gross profit $27.050 34,050 $16,000 $7.950 227 $19.950 Expenses 10,000 Net income 17.950 ID SER