Exercise 2-49 (Algo) Prepare Statements for a Retailing Company (LO 2-2) The cost accountant for Sunset Fashions has compiled the following information for last quarter's operations: Administrative costs Merchandise inventory, April 1 Merchandise inventory, June 30 Merchandise purchases a Miscellaneous store costs Sales commissions Sales revenue Stoce lease! Utilities Transportation-in costs Wages and benefits: Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. $ 228,000 49,000 39,500 1,730,000 41,000 152,000 3,170,000 47,000 55,500 122,000 710,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a cost of goods sold statement. 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a cost of goods sold statement. SUNSET FASHIONS Cost of Goods Sold Statement For the Quarter Ended June 30 Total cost of goods purchased Cost of goods sold Required 1 Required 2 > 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement. SUNSET FASHIONS Income Statement For the Quarter Ended June 30 < Required 1 Required 2