Fill in the blanks in the following separate income statements a through e. b P Cost of goods sold Sales Merchandise inventory, $ 68,000 $43,600 $56,000 $ 25,500 8,000 16,950 6,500 7,400 4,550 beginning Total cost of merchandise 59,000 29,000 5,200 purchases Merchandise inventory, 2,500 8,100 7,100 ending Cost of goods sold 33,720 17,000 7,600 Gross profit 13,050 48,200 Expenses 22,000 10,420 12,300 4,400 6,800 Net income (loss) $ 16,180 $ 750 $ 43,800