Exercise 5-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate Income statements a through e. a b d Sales s 64,000 s 44.800 s 39,000 $ 24,200 7.300 16,720 5,800 4.480 32.000 7.300 33.000 7.600 6,700 2.800 8.900 Cost of goods sold Merchandise inventory, beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross Expenses Net income (loss) 33,630 17.000 7.700 48.700 14,350 12,950 17,000 8,700 11,890 15.910 5.700 43.000 s s 1,400 s