/k 1 - Practice: Con nowledge Check [due Day 5] i Saved 4 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicate sign.) a b C d e points Sales $ 62,000 $ 43,400 $ 37,000 + $ 26,000 Cost of goods sold Merchandise inventory (beginning) 8, 100 16,140 5,900 7,100 4,320 Hint Total cost of merchandise purchases 43,000 44,000 5, 100 References Merchandise inventory (ending) (2,800) (8,200) (5,500) Cost of goods sold 33,700 19,000 6,700 Gross profit 3, 100 42,400 Expenses 12,000 10,990 11,840 3,700 7,500 Net income (loss) $ 13,410 $ (8,740) $ 38,700