Check my work Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) a b d Sales $ 72,000 S 44,500 $ 36,000 $ 25,200 Cost of goods sold Merchandise Inventory (beginning) Total cost of merchandise 7,500 16,960 6,100 4.470 7,000 37,000 58,000 6,800 purchases (2,100) (8.700) (6,000) () 33,390 17,000 7,800 Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 47,600 5,100 22.000 5,900 10,070 (4.170) $ 11,530 6.600 $ 15,970 $ 42,500 wwww