*Exercise 5-26 Preparing an income statement-periodic L07 CHECK FIGURE: C. Loss = $1,822 The following is John's Electronic's adjusted account information listed in alphabetical order for the month ended April 30, 2017. A physical count on April 30, 2017, revealed a merchandise inventory balance actually on hand of $2,460. Account $ 2 118 15.500 154 $ 1.600 640 130 26.964 4,200 5,700 28 110 16,140 201 Accounts payable..... Accumulated depreciation, trucks. 101 Cash 611 Depreciation expense, delivery trucks 633 Interest expense 301 John Yu, capital... 302 John Yu, withdrawals 119 Merchandise inventory 507 Purchase discounts..... 506 Purchase returns and allowances 505 Purchases.... 413 Sales 414 Sales returns and allowances 688 Telephone expense, office. 689 Telephone expense, store....... 508 Transportation in ......... 153 Trucks.... 623 Wages expense, office 624 Wages expense, selling 33.700 1,740 150 340 380 29,600 4,900 8.000 $78,520 $78,520 Totals... Required a. Calculate net sales. b. Calculate cost of goods sold. c. Prepare a classified multiple-step income statement for the month ended April 30, 2017