Fill in the blanks in the following separate income statements a through e. Sales Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net income (loss) $ a 68,000 $ 8,000 59,000 33,720 22,000 $ b 43,600 $ 16,950 2,500 17,000 10,420 16,180 $ 56,000 6,500 8,100 13,050 12,300 750 $ d 7,400 29,000 7,100 48,200 4,400 43,800 S e 25,500 4,550 5,200 7,600 6,800
Fill in the blanks in the following separate income statements a through e. Sales Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net income (loss) $ a 68,000 $ 8,000 59,000 33,720 22,000 $ b 43,600 $ 16,950 2,500 17,000 10,420 16,180 $ 56,000 6,500 8,100 13,050 12,300 750 $ d 7,400 29,000 7,100 48,200 4,400 43,800 S e 25,500 4,550 5,200 7,600 6,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Fill in the blanks in the following separate income statements a through e
Sales
Cost of goods sold
Merchandise inventory, beginning
Total cost of merchandise purchases
Merchandise inventory, ending
Cost of goods sold
Gross profit
Expenses
Net Income (loss)
$
a
68,000 $
8,000
59,000
33,720
22,000
$
b
43,600 $
16,950
2,500
17,000
10,420
16,180 $
C
56,000
6,500
8,100
13,050
12,300
750
$
d
7,400
29,000
7,100
48,200
4,400
43,800
$
e
25,500
4,550
5,200
7,600
6,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a88f93e-9dfb-4d45-837c-60cfbeefd36f%2F78aeea81-cc9a-431f-ad9c-e0d64633526b%2Fblyvv4o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Fill in the blanks in the following separate income statements a through e
Sales
Cost of goods sold
Merchandise inventory, beginning
Total cost of merchandise purchases
Merchandise inventory, ending
Cost of goods sold
Gross profit
Expenses
Net Income (loss)
$
a
68,000 $
8,000
59,000
33,720
22,000
$
b
43,600 $
16,950
2,500
17,000
10,420
16,180 $
C
56,000
6,500
8,100
13,050
12,300
750
$
d
7,400
29,000
7,100
48,200
4,400
43,800
$
e
25,500
4,550
5,200
7,600
6,800
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