D 3:17 .: x_Managerial ACCt.-Income Arianna DOCX - 16 KB ABC Food Marketing Company Income Statement and Retained Earnings For the Period: January 1 through December 30, 2019 Prepare and Income Statement using the data below: Sales Food Beverages $3.500.000 2.000.000 Sales $1,000,000 S 1.000.000 700,000 Beginning Inventory Purchases Ending Inventory Cost of Sales Gross Profit Expenses Labor Other Operating Exp. Depreciation Interest Expense Total Expenses Income Before Taxes Income Taxes NET INCOME $1,000,000 $1.404.000 105.000 242.000 s S 195.000 STATEMENT OF RETAINED EARNINGS Retained Famings $2,000,000 December 31, 2019 Net Income Subtotal Cash Dividends Paid This $90,000 Retained Earnings December 31, 2019 What is the Gross Profit Open Word