Hello! I'm having trouble understanding how partial statement of incomes work. That's the only thing I need here. Another tutor used names of accounts that I'm not familiar with and had a hard time understanding the answer :( could you use the ones I'm familiar with that I attached below? and also how do I know the date to put for this statement of income? May 31, 2025 or month ended May 31, 2025 or is it year ended May 31, 2025? I attached my work after the list of accounts so that I can make your calculations a bit easier. Thank you!!

Marigold Hardware Store Inc. completed the following merchandising transactions in the month of May 2025. At the beginning of May, Marigold's ledger showed Cash of $8,200 and Common Shares of $8,200.

May	1		Purchased merchandise on account from Hilton Wholesale Supply for $8,200, terms 2/10, n/30.
	2		Sold merchandise on account for $4,400, terms n/30. The cost of the merchandise sold was $3,500.
	5		Received credit from Hilton Wholesale Supply for merchandise returned $250.
	9		Received collections in full from customers billed on May 2.
	10		Paid Hilton Wholesale Supply in full, less discount.
	11		Purchased supplies for cash $880.
	12		Purchased merchandise for cash $2,650.
	15		Received $290 refund for return of poor-quality merchandise from supplier on cash purchase.
	17		Purchased merchandise from Northern Distributors for $2,450, terms 2/10, n/30.
	19		Paid freight on May 17 purchase $290.
	24		Sold merchandise for cash $5,200. The cost of the merchandise sold was $4,100.
	25		Purchased merchandise from Toolware Inc. for $780, terms 3/10, n/30.
	27		Paid Northern Distributors in full, less discount.
	29		Made refunds to cash customers for returned merchandise $118. The returned merchandise was returned to inventory and had cost $90.
	31		Sold merchandise on account for $1,200, terms n/30. The cost of the merchandise sold was $900.

Marigold Hardware uses a perpetual inventory system and expects a return rate of 3% on all sales.

(c) Prepare a statement of income through gross profit for the month of May 2025. MARIGOLD HARDWARE STORE INC. Statement of Income (Partial) eTextbook and Media List of Accounts Save for Later 4 Attempts: 0 of 2 used Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Vehicles Administrative Expenses Advertising Expense Bank Loan Payable Buildings Cash Common Shares Cost of Goods Sold Current Portion of Bank Loan Payable Current Portion of Mortgage Payable Deferred Revenue Depreciation Expense Dividends Declared Estimated Inventory Returns Equipment Freight In Freight Out Income Summary Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Mortgage Payable No Entry Office Expense Prepaid Insurance Prepaid Rent Property Tax Expense Property Tax Payable Purchase Discounts Purchase Returns and Allowances Purchases Refund Liability Rent Expense Rent Revenue Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Selling Expenses Supplies Supplies Expense Travel Expense Unearned Revenue Utilities Expense Vehicles\fA CGEE Cost of Goods Sold