Exercise 4-1 (Algo) Computing revenues, expenses, and Income LO C1 Fill in the blanks in the following separate income statements a through e. b d Sales $ 62,000 $ 44,700 $ Cost of goods sold 8,800 16,040 Merchandise inventory, beginning Total cost of merchandise purchases 31,000 31,060 Merchandise inventory, ending 84,200 2,400 Cost of goods sold 33,770 17,000 50,430 6,590 10,000 10,590 40,430 $ 17.110 $ Gross profit Expenses Net income (loss) $ 53,000 6,700 8,000 13,950 12,750 1,200 $ 7,100 44,000 7,000 49,200 4,800 44,400 $ 26,700 4,380 6,400 7,500 7,800