Question

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

Answer 1

				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