Question

please, with explaining the answer

Using your accounting knowledge, find the missing amounts in the following separate income statements. Answer is not complete. b $ 66,000 $ 44,600 $ 47,000 $ 87,800 $ 25,300 8,900 16,990 7,900 4,330 5,900 44,700 39,000 5,910 41,000 5,000 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) 7.700 14,000 33,900 32,100 10,000 2,900 20,000 24,600 10,310 14,290 8,200 42,400 4,600 10,070 (5,470) 5,000 38,100 % 49,700 5,200 44,500 6,800 $ $ $

Answer 1

	d
Sales	$         93,600
Cost Of Goods Sold
Merchandise Inventory, Begnining	$           7,900
Total Cost of merchandise purchases	$         41,000
Marchandise invetory Ending	$           5,000
Cost Of Goods Sold	$         43,900
Gross Profit	$         49,700
Expenses	$           5,200
Net Income (loss)	$         44,500
Working notes and explanation:
Cost of goods sold
Total cost of merchindise purchases	$         41,000
Add: Beginning Merchindise	$           7,900
Less: Ending Merchandise	$          -5,000
Cost of goods sold	$         43,900
Sales = Gross Profit + Cost Of Goods Sold
=$49700+43900
=$93600