Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. Answer is complete but not entirely correct. b d 62.000 44,300 $ 55,000 $ 84,100 $ 27,000 Sales Cost of goods sold Merchandise inventory, beginning 7,100 16,440 5,800 7,200 4,510 Total cost of merchandise purchases 36,000 (2,240) 26,050 30,000 5,700 Merchandise inventory, ending (9,490) 2,800 8,600 5,400 (3.810) Cost of goods sold 33,610 17,000 40,450 42,600 6,400 Gross profit 28,390 27,300 14,550 41,500 20,600 Expenses 24,000 10,320 13,050 4,600 Net income (loss) 7,200 $ 4,390 16,980 $ 1,500 $ 36,900 $ 13,400