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.) d a 65,000 b 44,000 c 51,000 e 24,400 Sales $ $ $ $ 16,490 5,000 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) 8,600 31,000 7,600 45,000 (7,500) 4,520 5,200 (8,800) (2,600) 20,000 Cost of goods sold 33,140 7,400 Gross profit Expenses Net income (loss) 24,000 | $ 3,300 10,610 (7,310) 11,110 12,890 7,600 41,100 4,000 37,100 $ $