EXERCISES IN INCOME STATEMENT CONSTRUCTION Exercise 1 BUCKEYE DEPARTMENT STORE LTD. (in 000s of dollars) Selling expenses $1,104 483 Net operating income Cost of goods sold Other income 6,670 46 1,840 Gross income (profit) Net sales Administrative expenses 8,510 253 Other expenses 69 Assignment Different items from the income statement for Buckeye Department Store Ltd. are listed above in random order. All refer to the year ending January 31, 2019, and are in thousands of dollars. The tax rate is 40 per cent. Prepare an income statement for the period ending January 31, 2019 for Buckeye Department Store Ltd. or