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. a b d e Sales $ 67,000 $ 43,100 $ 53,000 $ 91,800 $ 24,300 16,690 7,700 42,000 4,710 7,600 31,000 (4,760) 33,840 2,400 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) 7,200 6,400 51,300 X 8,100 49,600 14,750 13,150 1,600 19,000 24,100 10,850 13,250 33,160 20,000 13,160 4,320 6,300 (4,320) 6,300 18,000 6,900 11,100 42,500 49,300 6,000 43,300 $ $