Fill in the Blanks (A) Through (G) for the Corman

Fill in the blanks (a) through (g) for the Corman Company for each of the income statements for years 1 and 2

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