EMILY'S GREENHOUSE CORPORATION Profit and Loss December 31 Credit $648,000 Debit Sales Cost of Goods Sold Sales Returns and Allowances Sales Discounts Salaries and Wages Expense Office Expense Travel Expenses Income Tax Expense Net Profit $353,000 15,200 13,600 89,000 23,500 6,500 44,160 103,040 Totals $648,000 $648,000