Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. $ 68,000 $ 44,300 $ 42,000 $ 24,200 16.920 6,800 8,600 53.000 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) 7,000 43,000 6,600 4,530 5,800 8,600 2.900 20,000 33 970 6.900 14,000 10,870 $ 13,4305 13,150 49.700 12,350 5,800 800 $ 43.900 6.300