Dear tutor

Please explain with formula and where you derived the numbers.

Question 4 [30 points] During 2014, Courtland Corp. sold 200 units of its product on March 6 and 300 units on December 6, all at a price of $66.00 per unit. Courtland Corp. began the year with, and made successive purchases of the product as follows : Beginning Inventory: 400 units @ $56/unit Purchase on February 16 : 400 units @ $54/unit Purchase on August 27 : 150 units @ $58/unit Given that Courtland Corp. employs a perpetual inventory system, use the above information and the selected account balances at year-end shown below to prepare a multiple-step income statement for the year ended December 31, 2014. Assume that Courtland Corp. uses the FIFO inventory system. Account Balance (select one) Cost of goods sold Income Statement Income taxes expense. 92 (select one) Interest expense.. 19,000 Office salaries expense.. 14,200 X HK Office supplies expense... 6,800 Rent earned. 76,500 4 4 X Rent expense, office space. 10,500 4 + 4 X Sales. 2?? Sales discounts. 290 x x Sales returns and allowances. 950 Sales salaries expense.. 29,500 X X X X 4 X X X X X X X X Official Time: 21:43:55 SUBMIT AND MARK SAVE AND CLOSE