Using your accounting knowledge, fill in the blanks in the following separate income statements a through e. Identify any negative amount by putting it in parentheses. EXERCISES b d Exercise 5-1 Computing revenues. expenses, and income Sales... $62,000 $43,500 $46,000 $ ? $25,600 C1 Cost of goods sold Merchandise inventory (beginning) 8,000 17,050 7,500 8,000 4,560 Total cost of merchandise purchases. 38,000 ? 32,000 6.600 Merchandise inventory (ending). ? (3,000) (9,000) (6,600) ? Cost of goods sold 34,050 16,000 7,000 Gross profit ? 3,750 45,600 ? Expenses 10,000 10,650 12,150 3,600 6,000 Net income (loss) $16,850 $ (8,400) $42,000 $ 7