AB Ltd. presents the following selected accounts, all balances are after adiusting journal entries. All accounts have normal balances (accounts which are normally debits have debit balances here and visa-versa). Prepare a multi-step income statement.

Accumulated Depreciation Office Equipment

Advances from Customers

Advertising Expense

Depreciation Expense-Office Equipment

Insurance Expense

inventory at beginning of the period

Inventory at the end of the period

Ottice Salaries Expense

Office Supplies Expense

Purchases Discounts

Purchases returns and

Allowance

Purchases

Rent Expense

Salaries Expense of Salespeople

Sales Discounts

Sales Returns and Allowances

Sales

transportation in

Transportation Out

250

3,800

1.300

50

150

20,200

17,000

8.500

530

550

370

8,356

1,000

8,356

1,180

1560

35.050

300

400

reQuired 1: ABS Net Sales for the period must have been S

Required 2: AB's Cost of Goods Available for Sale for the period must have been: S

required 3. Abs cost of Goods sold for the period must have been S

Required 4: AB's Gross Profit on Sales in dollars for the period must have been: S

Required 5: AB's total Operating Expenses (not including COGS) for the period must have been: $