Exercise 4-1 (Static) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. C $ 62,000 $ 43,500 $ 55,000 $ 25,600 17,050 7,500 8,000 38,000 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) 8,000 32,000 6,600 4,560 6,600 9,000 3,000 16,000 34,050 7,000 10,000 12,750 45,600 12,150 3;600 600 $ 42,000 10,650 $ 16,850 $ 6,000