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In: Accounting

Fill in the blanks in the following separate income statements a through e.


Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) 

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Expert Solution

a b c d e
Sales 62,000 44,300 40,000 78,600 24,900
cost of goods sold
merchandise inventory(beginning) 8,600 16,550 5,300 7,300 4,460
total cost of merchandise purchase 37,000 5,250 37,500 33,000 5,500
merchandise inventory (ending) -11,740 -2,800 -8,700 -5,200 -1,960
cost of goods sold 33,860 19,000 34,100 35,100 8,000
Gross profit 28,140 25,300 5,900 43,500 16,900
Expenses 25,000 11,530 11,060 3,300 6,700
Net income (loss) 3,140 13,770 -5,160 40,200 10,200

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