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 $ 62,000 b 44,300 c $ 55,000 $ $ 27,000 16,440 5,800 7,100 36,000 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) 7,200 30,000 (5,400) 4,510 5,700 (8,600) (2,800) 17,000 33,610 6,400 24,000 3,000 11,170 $ (8,170) 10,320 16,980 41,500 4,600 36,900 7,200 $ $