Exercise 2-44 Prepare Statements for a Merchandising Company (LO 2-2) University Electronics has provided the following information for last year: $ Sales revenue Store rent Store utilities Administrative costs Sales commissions Merchandise purchases Transportation in costs Merchandise inventory, March 1 Merchandise inventory, February 28 4.020 400 222.000 133.000 292.000 646,000 2,770,000 105.000 187 000 212 000 Required: Prepare an income statement for last year with a supporting cost of goods sold statement. (Amounts to be deducted and losses should be entered with a minusson