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 d e b $ 64,000 $ 44,800 $ 39,000 Sales $ 24,200 16,720 5,800 7,300 32,000 7,300 33,000 7,600 4.480 6,700 8,900 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) 2,800 17,000 33,630 7,700 17,000 14,350 48,700 12,950 5,700 1,400 $ 43,000 11,890 $ 15,910 $ 6,700