Below is an adjusted trial balance for Flander's Leftorium Shop for their year-end on March 31st

Instructions: Prepare an icome statment for the year endend march 31, 2019.The company uses oerpetual incentory

Flander's Leftorium Shop Adjusted Trial Balance March 31st \begin{tabular}{|l|r|r|} \hline & DR & CR \\ \hline Cash & 34,780 \\ \hline Accounts Receivable & 100 \\ \hline Merchandise Inventory & 64,120 \\ \hline Prepaid Insurance & 720 \\ \hline Prepaid Rent & 4,800 \\ \hline Office Equipment & & \\ \hline Acc. Amortization Office Equip. & & 4,500 \\ \hline Accounts Payable & & 8,760 \\ \hline N. Flanders, Capital & & 22,000 \\ \hline N. Flanders, Drawings & 1,000 & \\ \hline Sales & & 301,76 \\ \hline Sales Returns and Allowances & 760 \\ \hline Cost of Goods Sold & 199,20 & \\ \hline Advertising Expense & 0 & \\ \hline Supplies Expense & 1,000 \\ \hline Salaries Expense & 1,800 \\ \hline Utilities Expense & 23,200 \\ \hline Insurance Expense & 1,400 \\ \hline Rent Expense & 240 \\ \hline Amortization Expense & 2,400 \\ \hline & 1,500 \\ \hline & 337,02 & 337,02 \\ \hline \end{tabular} Question 3 Flander's Leftorium Shop Income Statement For the year ended December 31, 2019 Revenue Net Sales \begin{tabular}{|l|} \hline \multicolumn{1}{|c|}{ Cost of Goods Sold } \\ \hline Cost of Goods Sold \\ \hline Gross Profit \\ \hline \end{tabular} Operating Expenses Total Operating Expenses Net Income