31 Paid for the CHERO ations and formats--periodic on th: 4. Income from operations - $16,300 eared on the Mullen Company's adius 's adjusted trial balance Problem 5-13 Income statement calculations CHECK FIGURES: ; 4. Income The following and speared on the M November 30, 20 of its fiscal year: Debit $ 3.000 350 5,600 10,000 144650 A n g expense....... m est expense... .. Liabilities..... ......... Merchandise inventory ............... ...... Mitsy Mullen, capital.......... Mitsy Mullen, withdrawals........ ........... Other assets .... Purchase discounts............. Purchase returns and allowances........ Purchases... Rent expense (75% selling)..... Salaries expense (60% selling)....................... Sales ........ . Sales discounts........ Sales returns and allowances........ Supplies expense (80% selling).... Transportation-in. Totals......... 120.000 38,000 62,000 276.000 2,350 28,500 6,700 4,850 $426,000 $426.000 A physical count shows that the cost of the ending inventory is $0,10 31 Paid for the CHERO ations and formats--periodic on th: 4. Income from operations - $16,300 eared on the Mullen Company's adius 's adjusted trial balance Problem 5-13 Income statement calculations CHECK FIGURES: ; 4. Income The following and speared on the M November 30, 20 of its fiscal year: Debit $ 3.000 350 5,600 10,000 144650 A n g expense....... m est expense... .. Liabilities..... ......... Merchandise inventory ............... ...... Mitsy Mullen, capital.......... Mitsy Mullen, withdrawals........ ........... Other assets .... Purchase discounts............. Purchase returns and allowances........ Purchases... Rent expense (75% selling)..... Salaries expense (60% selling)....................... Sales ........ . Sales discounts........ Sales returns and allowances........ Supplies expense (80% selling).... Transportation-in. Totals......... 120.000 38,000 62,000 276.000 2,350 28,500 6,700 4,850 $426,000 $426.000 A physical count shows that the cost of the ending inventory is $0,10