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Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a

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Answer #1

Fill missing amount

a b c d e
Sales 66000 44600 47000 43900+49700 = 93600 25300
Cost of goods sold
Beginning inventory 8900 16990 5900 7900 4330
Total cost of merchandise purchases 39000 20000+2900-16990 = 5910 42400+8200-5900 = 44700 41000 5000
Merchandise inventory (ending) 8900+39000-33900 = -14000 -2900 -8200 -5000 4330+5000-7700 = -1630
Cost of goods sold 33900 20000 47000-4600 = 42400 7900+41000-5000 = 43900 7700
Gross profit 66000-33900 = 32100 14290+10310 = 24600 4600 49700 25300-7700 = 17600
Expenses 10000 10310 10070 5200 6800
Net income (loss) 32100-10000 = 22100 14290 -5470 44500 17600-6800 = 10800
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