Income Statement for a Merchandiser Fill in the missing amounts in the following income statement for Carpenters Department Store Inc.

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$125,600 (al Less: Sales returns and allowances $122,040 $23,400 Less: Purchase discounts 1,300 Add: Transportation-in Cost of goods purchased Cost of goods available for sale Less: Ending inventory 81,150 $104,550 (el $ 38,600 Operating expenses Income before tax Income tax expense S 26,300 10,300 S (g)