Check my work 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 e Sales $ 62,000 $ 43,500 $ 46,000 $ 25,600 8,000 4,560 6,600 38,000 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 34,050 17,050 7,500 8,000 32,000 (3,000) (9,000) (6,600) 16,000 3,750 45,600 10,650 12,150 3,600 $ 16,850 $ (8,400) $ 42,000 7,000 10,000 6,000