Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. a b d $ 72,000 $ 44,500 $ 36,000 $ 85,600 $ 25,200 4.470 6,800 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) 7,500 16,960 58,000 2,140 2,100 33,390 17,000 38,610 27,500 22,000 11,530 $ 16,610 $ 15,970 $ 6,100 7,000 37,000 8,700 6,000 38,000 13,850 47,600 12,700 5,100 1,150 $ 42,500 7,800 6,600