Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) a b c d e
Sales $ 66,000 $ 43,600 $ 53,000 27,000
Cost of goods sold
Merchandise inventory (beginning) 8,000 16,660 5400 7200 4500
Total cost of merchandise purchases 35000 4240 28000 6600
Merchandise inventory (ending) 9140 2900 8300 7600
Cost of goods sold 33860 18000 27600 7800
Gross profit 32140 25600 3400 41,100 19,200
Expenses 19000 19800 10410 4600 7300
Net income (loss) $13140 $14800 $7010 $36500

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answer; /// blank(1); increases; blank(2); decreases;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.