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 shoul sign.) d a 66,000 b 45,200 c 50,000 e $ $ $ $ 24,500 16,550 6,300 8,900 35,000 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) 7,900 35,000 (6,800) 4,330 5,600 (8,200) (2,500) 18,000 33,720 7,500 20,000 3,200 10,120 (6,920) 43,400 5,000 38,400 11,830 15,370 7,400 $ $ $