computing revenues, expenses, and income

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.) $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 Sales - 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) 7,300 33,000 (5,200)| 4,460 5,500 33,860 28,140 25,000 3,140 (2,800) 19,000 25,300 11,530 13,770 (8,700) 34,100 5,900 11,060 (5,160) 43,500 3,300 40,200 8,000 16,900 6,700 $ $ $ $