Any help would be helpeful! Easley$-$O'Hara Office Equipment sells furniture and technology solutions to consumers and to businesses. Most consumers pay for thelr purchases with credit cards and business customers make purchases on open account with terms $\frac{1}{10},$ net $30.$ Costs of furniture Inventory purchases have generally been rising and costs of computer inventory purchases have generally been declining. The company's income tax rate is $20$ percent. Casey Easley, the general manager, was particularly interested in the financlal statement effects of the following facts related to first quarter operations.

a$.$ Credit card sales $($discount $2$ percent$)$ were $$38,500.$

b$.$ Sales on account were $$114,000.$ The company expects one$-$half of the accounts to be pald within the discount perlod.

c$.$ The company computed cost of goods sold for the transactions in $($a$)$ and $($b$)$ above under FIFO and LIFO for Its two product lines and chose the method for each product that minimizes income taxes:

$\backslash$table$[[,$FIFO,LIFO$],[$Furniture$,$$$28,400,$$$31,400],[$Computer equipment,$33,400,29,400]]$

d$.$ During the perlod, the company wrote off $$1,340$ worth of bad debts.

e$.$ At the end of the perlod, the company estimated that $1\mathrm{.}5$ percent of gross sales on account would prove to be uncollectlble.

f$.$ Costs to dellver furniture to customers were $$6,400.$

g$.$ Rent, utillties, salarles, and other operating expenses were $$23,400.$

$h.$ At the end of the period, the company discovered that the net realizable value of ending inventory was $$1,140$ less than original cost.

Required:

Complete the following table, Indicating the effects of each transaction on each Income statement IIne Item or subtotal IIsted. Indicate the amount and use a minus sign for a decrease; leave the space blank for no effect. $($Hint: Remember that any Item that affects revenues or expenses also affects Income Tax Expense by the amount of the revenue or expense times the Income tax rate.$)$ When you are done, sum across the columns to produce Easley$-$O'Hara's Income statement for the quarter.

Note: Deductlble amounts should be entered with a minus sign.

$\backslash$table$[[,$Transaction$],[,$a$.,$b$.,$c$.,$d$.,$e$.,$f$.,$g$.,$h$.,\backslash$table$[[$Income$],[$Statement$]]],[$Net sales$],[$Cost of goods sold$],[$Gross profit$],[$Selling$,$ general, and administrative expenses$],[$Income before income taxes$],[$Income tax expense$],[$Net income,,,,,,,,,$]]$