Fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it in parentheses.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $36,000
Cost of goods sold
Merchandise inventory (beginning) . . . . . . . . .7,500
Total cost of merchandise purchases . . . . . . . ?
Merchandise inventory (ending) . . . . . . . . . . . . (9,000)
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . ?
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,750 Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12,150
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . $ (8,400)