. Create a final P & L based on the following information

Gross Sales: $300,000; CRAs: 2%; Opening Inventory @ cost: $40,000; Opening Inventory @ retail: $80,000; New Net Purchases: $167,000; Inward Transportation: $1,500; Closing Inventory @ cost: $50,000; Cash Discounts: $3,000; Alterations and Workroom Costs: $3000; Total Direct Expenses: $44,000; Total Indirect Expenses: $23,000.