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Fill in the blanks in the following separate income statements a through e . (Amounts to be deducted should be indicated by a minus sign.)

Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) image text in transcribed

Exercise 5-1 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.) b d $ 67,000 $ 43,100 $ 53,000 $ 24,300 16,690 6.400 7,600 31,000 7,700 42.000 4,320 6,300 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) 6.300 (2,400) (8,100) 33,840 19.000 49,600 33,160 3,400 20,000 10,850 10.640 $ 13,160 $ 13,250 $ (7,240) 49.300 6,000 6.900 $ 43,300 $ 11,100

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