Question: Using your accounting knowledge, fill in the blanks in the following separate Income Statements a through e. Identify any negative amounts by putting it in

 Using your accounting knowledge, fill in the blanks in the following

Using your accounting knowledge, fill in the blanks in the following separate Income Statements a through e. Identify any negative amounts by putting it in parentheses

4. Using your accounting knowledge, fill in the blanks in the following separate Income Statements a through e. Identify any negative amounts by putting it in parentheses. (15 POINTS) d e Exercise 4-1 Computing revenues, expenses, and income C1 $62,000 $43,500 $46,000 $ ? $25,600 7,500 8,000 38,000 ? 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) 17,050 ? (3.000) 16,000 8,000 32,000 (6,600) ? (9.000) 34.050 ? 4,560 6,600 ? 7,000 ? 6,000 $? ? ? 10,000 $ ? 10,650 $16,850 3.750 12,150 $ 8.400) 45,600 3,600 $42.000

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