Directions: Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign).

cd $ 49,000 - $ 71,000 $ 44,300 $ 24,400 16,800 5,500 7,200 31,000 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) 7,900 44,000 (5,200) 4,400 6,300 (8,300) 33,000 7,700 (2,600)| 17,000 0 10,000 17,300 19.000 U 5,400 44,900 11,440 4,000 $ (6,040) $ 40,9001 $