mework 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.) $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 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) 7,300 33,000 (5,200) 4,460 5,500 (8,700) (2,800) 19,000 33,860 8.000 25,000 5,900 11,080 (5,160) 11,530 13,770 43,500 3,300 40,200 6,700 $ $ $