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4). Eco Inc, sells accounting textbooks. The following information summarizes Eco's operating activities for the year: Merchandise Inventory, fanuary 1$10,000 (1/2 mark) Merchandise Inventory, December

image text in transcribed 4). Eco Inc, sells accounting textbooks. The following information summarizes Eco's operating activities for the year: Merchandise Inventory, fanuary 1$10,000 (1/2 mark) Merchandise Inventory, December 31 8,000 Purchases 95,000 Selling and Administrative Expenses 62,000 Sales Revenue 188,000 Required: Prepare Eco Inc,'s Income statement for the year ended December 31

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