Exercise 5-1 Computing revenues, expenses, and income CI * Fill in the blanks in the following separate income statements a through e. a b C Sales $62,000 $43.500 $55,000 $? Cost of goods sold 8,000 17.050 7.500 8,000 Merchandise inventory, beginnin Total cost of morchandise purch 38,000 2 12 32,000 3,000 9,000 6,600 Merchandise inventory, ending Cost of goods sold 34,050 16,000 Gross profit 12,750 12 45.600 3,600 Expenses 10,000 10.650 12.150 Not income (loss) $16.850 $ 600 $42,000 $25,600 38-8-8 4.560 6.600 17,000 6,000