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

Essay

Fill in the blanks (a)through (g)for the Hendricks Company for each of the income statements for 2009,2010 and 2011.
$\begin{array}{c}\text {Hendricks Company}\\\text {Income Statements}\\\text {For the vears ended December 31}\\\begin{array}{|l|r|r|r|}\hline & 2009 & 2010 & 2011 \\\hline \text { Sales } & \$ 7,500 & \$ 10,000 & (\mathrm{f}) \\\hline \text { Cost of goods sold } & & & \\\hline \text { Merchandise inventory (beginning) } & (\mathrm{a}) & 375 & 750 \\\hline \text { Total cost of merchandise purchases } & 2,400 & 3,625 & 4,875 \\\hline \text { Merchandise inventory (ending) } & \underline{(b)} & \underline{750} & \underline{625} \\\hline \text { Cost of goods sold } & \underline{2,770} & \underline{(\mathrm{d})} & \underline{5,000} \\\hline \text { Gross profit } & (\mathrm{c}) & 6,750 & 5,200 \\\hline \text { Operating expenses } & 3,750 & 3,750 & (\mathrm{~g}) \\\hline \text { Net income } & \$ 980 & (\mathrm{e}) & \$ 2,500\\\hline \end{array}\end{array}$