Using your accounting knowledge, find the missing amounts in the following separate income statements.
? Answer is not complete.
a
b
c
d
e
Sales
$ 66,000
$ 44,600
$ 47,000
$ 87,800 ×
$ 25,300
Cost of goods sold
Merchandise inventory, beginning
8,900
16,990
5,900
7,900
4,330
Total cost of merchandise
39,000
5,910
44,700
41,000
5,000
purchases
Merchandise inventory, ending
14,000
2,900
8,200
5,000
Cost of goods sold
33,900
20,000
42,400
38,100 ×
7,700
Gross profit
32,100
24,600
4,600
49,700
Expenses
10,000
10,310
10,070
5,200
6,800
Net income (loss)
$ 14,290
$ (5,470)
$ 44,500
