can you prepare an income statement for this, having a little trouble
Principles of Financial Accounting (ACG 2021-601) Spring 2020 Homework: Graded Chapter 6 Homework Score: 0.19 of 1 pt 3 of 5 (3 complete) %E6A-27 (similar to) Consider the data of the following companies which use the periodic inventory system: Click the icon to view the data) Read the requirements Beginning Ending Net Sales Merchandise Net Cost of Merchandise Revenue Inventory Purchases inventory $ 102,000 5 18.000 $ 54000 $ 15.000 Company Red Cost of Goods Sold 67.000 $ Gross Profit 35.000 Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All fra og insen Assignments > Graded Chapter 6 Homework Graded Chapter 6 Homework Principles of Financial Accounting (ACG 2021-601) Spring 2020 Homework: Graded Chapter 6 Homework Score: 0.19 of 1 pt 3 of 5 (3 complete) E6A-27 (similar to) HWS Consider the data of the following companies which use the periodic Inventory system (Click the icon to view the data) Read the requirements $ 102,000 S Red Yellow 145.000 18,000 $ 28.000 31,000 9.500 64,000 $ 95.000 54,000 30,500 15,000 26,000 23,000 5,000 67,000 $ 97.000 62,000 35.000 35,000 49,000 35,000 48.000 Orange Green 97.000 83,000 Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear Al a 9 Insent Pint F10 es/1384092/assignments/7912093 Assignments > Graded Chapter 6 Homework raded Chapter 6 Homework Principles of Financial Accounting (ACG 2021-601) Spring 2020 Navarro Hooks Homework: Graded Chapter 6 Homework Score: 0.19 of 1 pt 3 of 5 (3 complete) BE6A-27 (similar to) HW Score: 43.7%, 2.19 of Question Help Consider the data of the following companies which use the periodic inventory system Am Click the icon to view the data) Read the requirements Requirement 2. Prepare the income statement for the year ended December 31, 2019 for Red Company which uses the periodic inventory system include a complete heading and show the full computation of cost of goods sold Red's operating expenses for the year were $15.000 Red Company Income Statement Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer All parts showing pogo Insert PMC Backspace U TOP