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.) Sales 71000 S 44 200 $ 42.000 $ 25.500 16.600 7.000 7.000 4 500 7,900 60.0001 27.000 6.900 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross pro 8.100) 6300) 3.000) 18.000 33,060 3400 10.350 (6.950) 25 000 S 7800 49 4001 3.600 45,800 10.650 15.550 Expenses Net Income foss) S $