The following is John’s Electronics’ adjusted account information listed in alphabetical order for the month ended April 30, 2023. A physical count on April 30, 2023, revealed a merchandise inventory balance actually on hand of $2,550.

Required
a. Calculate net sales.
b. Calculate cost of goods sold.
c. Prepare a classified multiple-step income statement for the month ended April 30, 2023.

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201 Accounts payable....... 154 Accumulated depreciation, trucks.. 101 Cash................. 611 Depreciation expense, delivery trucks... 633 Interest expense. 301 John Yu, capital......... 302 John Yu, withdrawals.... 119 Merchandise inventory.. 507 Purchase discounts........... 506 Purchase returns and allowances... 505 Purchases.......... 413 Sales......... 414 Sales returns and allowances.. Account 688 Telephone expense, office......... 689 Telephone expense, store.... 508 Transportation-in.............. 153 Trucks.................. 623 Wages expense, office......... 624 Wages expense, selling........ Totals............ Debit Credit $ 2,208 16,500 $ 2,050 730 130 9,650 6,600 17,040 1,830 150 430 470 27,225 37 110 38,200 30,500 5,800 8,900 $84,280 $84,280