Exercise $5-1($Algo$)$ Computing revenues, expenses, and income LO C$1$

Fill in the blanks in the following separate income statements a through e$.$ Fill in the blanks in the following separate income statements a through $\backslash ($ e $\backslash ).$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & a & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$b$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$c$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$d$\}$ & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$e$\}\backslash \backslash$

$\backslash$hline Sales & $\backslash$$ $71,000$ & $\backslash$$ & $44,200$ & & $42,000$ & & & $\backslash$$ & $25,500\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{10\}\{|$l$|\}\{$Cost of goods sold$\}\backslash \backslash$

$\backslash$hline Merchandise inventory, beginning & $7,900$ & & $16,600$ & & $7,000$ & & $7,000$ & & $4,540\backslash \backslash$

$\backslash$hline Total cost of merchandise purchases & $60,000$ & & & & & & $27,000$ & & $6,900\backslash \backslash$

$\backslash$hline Merchandise inventory, ending & & & $3,000$ & & $8,100$ & & $6,300$ & & $\backslash \backslash$

$\backslash$hline Cost of goods sold & $33,060$ & & $18,000$ & & & & & & $6,900\backslash \backslash$

$\backslash$hline Gross profit & & & & & $12,950$ & & $49,400$ & & $\backslash \backslash$

$\backslash$hline Expenses & $25,000$ & & $10,650$ & & $12,250$ & & $3,600$ & & $7,800\backslash \backslash$

$\backslash$hline Net income $($loss$)$ & & $\backslash$$ & $15,550$ & $\backslash$$ & $700$ & & $45,800$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$