Question: please explain how to ger each answer Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate

please explain how to ger each answer

Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e d . $ 68,000 $ 44,300 $ 42,0001 $ 24.200 16,920 6.800 8,600 53,000 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) 7.000 43,000 6,600 4,530 5,000 8.000 2.900 20.000 33,970 6.900 14,000 13,150 12 350 800 $ 10,870 13.430$ 49,700 5 800 43.900 6,300 $

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