at Current Attempt in Progress The income statement of Concord Company is presented here. Sales revenue Cost of goods sold Beginning inventory Purchases CONCORD COMPANY Income Statement For the Year Ended November 30, 2022 Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income Additional information: 1. 2. $2,074,700 4,379,000 6,453,700 1,741,000 451,000 668,700 $7,518,000 4,712,700 2,805,300 1,119,700 $1,685,600 Accounts receivable decreased $416,400 during the year, and inventory decreased $333,700. Prepaid expenses increased $165,500 during the year.

The income statement of Concord Company is presented here. Additional information: 1. Accounts receivable decreased $416,400 during the year, and inventory decreased $333,700. 2. Prepaid expenses increased $165,500 during the year