Acme Fireworks had sales in June of \($350,000\) for its stores in Hamilton, Vancouver, and Calgary. The beginning merchandise inventories for June and July were \($120,000\) and \($135,000,\) respectively. June purchases totalled \($220,000.\) All sales are on account (terms 2/15, net 30 days) and 50% is collected in the month of the sale and 50%

is collected in the following month. As a result, one-half of all sales discounts are taken. May sales totalled \($285,000,\) while July sales were \($385,000.\) Additional information for June is as follows:

Prepare a statement of comprehensive income for the company for the month of June.

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Supplies used $1,000,000 Salaries and benefits 1,500,000 Maintenance 45,000 Amortization Utilities 9,000 35,000