Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) a b d e Sales 62,000 $ 44,300 $ 40,000 $ 24,900 8,600 16,550 5,300 7,300 4,460 37,000 5,500 33,000 (5,200) 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) 33,860 8,000 (2,800) (8,700) 19,000 5,900 11,530 11,060 13,770 $ (5,160) 25,000 43,500 3,300 $ 40,200 6,700 $