Fill in the Blanks (A)through (G)for the Corman Company for Each

Fill in the blanks (a)through (g)for the Corman Company for each of the income statements for years 1 and 2. $\begin{array}{c} \text {Corman Company}\\ \text {Income Statements}\\ \text {For the years ended December 31}\\\begin{array}{|l|r|r|}\hline& \text { Year 1 } & \text { Year 2 } \\\hline \text { Sales } & \$ 10,000 & \text { (e) } \\\hline \text { Cost of goods sold } & & \\\hline \text { Merchandise inventory (beginning) } & 375 & 750 \\\hline \text { Total cost of merchandise purchases } & 3,625 & 4,875 \\\hline \text { Merchandise inventory (ending) } & 750 & (\mathrm{~d}) \\\hline \text { Cost of goods sold } & (\mathrm{a}) & \underline{5,000} \\\hline \text { Gross profit } & 6,750 & 5,200 \\\hline \text { Operating expenses } & \underline{3,750} & (\mathrm{c}) \\\hline \text { Net income } & \text { (b) } & \$ 2,500 \\\hline\end{array}\end{array}$