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) $ a 68,000 $ 7,800 36,000 33,480 25,000 $ b 44,300 $ 16,860 2,100 16,000 11,290 17,010 $ C 54,000 $ 73,000 $ 6,600 8,800 14,050 12,800 1,250 d $ 8,000 29,000 6,800 30,200 42,800 3,300 39,500 e 25,800 4,450 5,700 6,700 7,100

Fill in the blanks in the following separate income statements a through e