en Assignment Presented below is information for Ayayal Company, Ltd. for the month of March 2017. SOURCES t Question 11 Cost of goods sold 228,450 Rent expense 33,700 Freight-Out 8,610 Sales discounts 6,940 Insurance expense 5,610 Sales returns and allowances 12,030 Salaries and wages expense 57,060 Sales revenue 393,300 Other comprehensive income 2,220 (a) Your answer is partially correct. Try again. Prepare an income statement. Sales Revenues Sales Revenue AYAYAI COMPANY, LTD. Income Statement For the Month Ended March 31, 2017 Type here to search O C 2 393,300 CAL