Please compute the correct amount for each box. Treat each horizontal row of numbers as a separate problem.
Sales
Beginning Merchandise Inventory
Net Cost of Purchases
Ending Merchandise Inventory
Cost of Goods Sold
Gross Margin
Operating Expenses
Net Income (Loss)$125,000$$ 35,000$10,000$$40,000$$12,000$ 12,000$18,000108,00060,00040,00020,000230,00022,000167,000$$50,000$(1,000)390,00040,000$60,000$$ 120,00040,000
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