Question: If you have the following information: Sales 400.000. sales returns 40.000, purchases 40.000. purchase expenses 20,000, beginning merchandise 10,000. ending merchandise 25.000, selling expenses 30.000,

If you have the following information: Sales 400.000. sales returns 40.000, purchases 40.000. purchase expenses 20,000, beginning merchandise 10,000. ending merchandise 25.000, selling expenses 30.000, and administrative expenses that make up 5% of selling expenses and income tax constitutes 10% of sales. Find Income Statementr

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