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Given the following information, prepare a traditional income statement for Hurley Corporation in proper form (this means with a standard header) for the quarter

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Given the following information, prepare a traditional income statement for Hurley Corporation in proper form (this means with a standard header) for the quarter ending March 31, 2021. Number of Units Sold Selling Price Cost of Goods Sold Advertising Expense Shipping Expense (a mixed cost) Administrative salaries Executive Salaries 1,600 units $100 per unit $60 per unit $1,200 per quarter $400 per quarter plus $1.50 per unit $4,000 $7,000

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