Calculating revenues, expenses, and income
Please help
Fill in the blanks in the following separate income statements a through e. Identify any negative
Amount by putting it in parentheses.
A b c d e
Sales.. . $60,000 $42,500 $36,000 $ ? $23,600
Cost of goods sold
Merchandise inventory (beginning) 6,000 17,050 7,500 7,000 2,560
Total cost of merchandise purchases 36,000? 32,000 5,600
Merchandise inventory (ending).. (2,700) (9,000) (6,600) ?
Cost of goods sold.. . 34,050 15,900? 5,600
Gross profit.. 3,750 45,600 ?
Expenses.. . 9,000 10,650 12,150 2,600 6,000
Net income (loss).. . $ ? $15,950 $(8,400) $43,000 $ ?
Thanks