Last month CyberGames, a computer game retailer, had total sales of ($1,450,000,) selling expenses of ($210,000,) and

Question:

Last month CyberGames, a computer game retailer, had total sales of $$1,450,000,$ selling expenses of $$210,000,$ and administrative expenses of $$180,000.$ The company had beginning merchandise inventory of $$240,000,$ purchased additional merchandise inventory for $$950,000,$ and had ending merchandise inventory of $ 1 70,000.

Required:
Prepare an income statement for the company for the month.

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