Please compute the correct amount for each box. Treat each horizontal row of numbers as a separate problem. SalesBeginning Merchandise InventoryNet…

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 $ 18,000 108,000 60,000 40,000 20,000
230,000 22,000 167,000 $ $ 50,000 $ (1,000)
390,000 40,000 $ 60,000 $ $ 120,000 40,000
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