Exercise 9-5 Presented below is information related to Sandhill Enterprises Jan. 31 Feb. 28 Mar. 31 Apr. 30 $17,850 16,380 25,200 36,750 $15,750 15,225 Inventory at cost Inventory at LCNRV Purchases for the month Sales for the month $15,855 13,230 17,850 30,450 $14,700 13,965 27,825 42,000 From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) February March April Sales Revenue Cost of Goods Sold Inventory, Beginni Purchases Cost of Goods Availabl Inventory, Endin Cost of Goods Sold ross Profit ain (loss) due to Mar