Constructing an Income Statement [L05 CC9, 10; L06 - CC11] Last month Bims, a wedding dress retailer, had total sales of $3,000,000, selling expenses of $315,000, and administrative expenses of $385,000. The company had beginning merchandise inventory of $250,000, purchased additional merchandise inventory for $950,000, and had ending merchandise inventory of $100,000. Required: Prepare an income statement for the company for the month in good form