Fill in the blanks in the following separate income statements a through e.
a
b
c
d
e
Sales
$ 64,000 $
44,800 $
39,000
$
24,200
Cost of goods sold
Merchandise inventory, beginning
7,300
16,720
5,800
7,300
4,480
Total cost of merchandise purchases
32,000
33,000
6,700
Merchandise inventory, ending
2,800
8,900
7,600
Cost of goods sold
33,630
17,000
7,700
Gross profit
14,350
48,700
Expenses
17,000
11,890
12,950
5,700
6,700
Net income (loss)
$
15,910 $
1,400 $
43,000
