Calculating revenues, expenses, and income.
Fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it in parentheses.
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A
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B
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C
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D
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D
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Sales
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$60,00
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$42,500
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$36,000
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$ ?
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$23,600
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Cost of goods sold
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|
|
|
|
|
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Merchandise inventory (beginning)
|
6,000
|
17,050
|
7,500
|
7,000
|
2,560
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Total cost of merchandise purchases
|
36,000
|
?
|
?
|
32,000
|
5,600
|
|
Merchandise inventory (ending)
|
?
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(2,700)
|
(9,000)
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(6,000)
|
?
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|
Cost of goods sold
|
34,050
|
15,900
|
?
|
?
|
5,600
|
|
Gross profit
|
?
|
?
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3,750
|
45,600
|
?
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|
Expenses
|
9,000
|
10,650
|
12,150
|
2,600
|
6,000
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|
Net income (loss)
|
$ ?
|
$ 15,950
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$ (8,400)
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$ 43,000
|
$ ?
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