At the beginning of the current season on April 1, the ledger of Carla Vista Pro Shop showed Cash $3,360; Inventory $3,500; and Common Stock $6,860. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,500, terms 3/10, n/60. 7 Paid freight on Arnie purchase $80. Received credit from Arnie Co. for merchandise returned $700. 10 Sold merchandise on account to members $1,420, terms n/30. The merchandise sold had a cost of $770. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,060, terms 2/10, n/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $60. 20 Made sales on account to members $82O, terms n/30. The cost of the merchandise sold was $550. 21 Paid Woods Sportswear in full. 27 Granted an allowance to members for clothing that did not fit properly $70. 30 Received payments on account from members $1,370. Prepare an income statement through gross profit for the month of April 2022. CARLA VISTA PRO SHOP Income Statement (Partial) For the Month Ended April 30, 2022 + Sales Sales Revenue 2240 Less : Cost of Goods Sold 1320 Gross Profit 920 Sales Returns and Allowances 70 Net Income / (Loss) 850