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Complete the Income Statement. Write your answer in the spaces below the income Statement. Show all of your work. Thomas Piano Company Income Statement For
Complete the Income Statement. Write your answer in the spaces below the income Statement. Show all of your work. Thomas Piano Company Income Statement For the Month Ended April 30, 20- $480,690 14.258 ? (15) $387,000 142,100 ? (16) 293,000 Income from sales: Sales Less refunds Net sales Cost of goods sold: Beginning inventory Inventory purchase Total cost of goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses: Wages Utilities Insurance Taxes Other Total operating expenses Net profit ? (17) ? (18) $120,000 34,400 16,780 25,830 14,250 ? (19) ? (20)
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