6.) Find entry you would make on an income statement for total operating expenses ficr the year ended bec. 314, 2007 GRONC sales, 161,000; sales a Retums Y Allowancer 197600, Valer Discounts $15,600; Merchandive Inventory, Jan. 1, 2011 7 $52,500, merchandise inventory $83,300; Freight in $3,000; Valarir, $94,000; Rent $29,800 utilites $2,245 invurance' $3,250; and income Tax, 19,200