Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. 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) b d e $ 66,000 $ 44,600 S 47,000 $ 25,300 8,900 16,990 5,900 7,900 4.330 39,000 41,000 5.000 2,900 8.200 5,000 + 33,900 20,000 7,700 13,550 49.700 10,000 10,310 12,550 5,200 6,800 $ 14,290 $ 1,000 S 44,500