Homework: Chapter 2 Homework Question 7, S2-11 (final a... HW Score: 63.6%, 12.72 of 20 points Points: 0 of 1 Save Lady Barber is a retail chain specializing in salon-quality hair care products. During the year, Lady Barber had sales of $39,217,000. The company began the year with $3,500,000 of merchandise Inventory and ended the year with $4,445,000 of inventory. During the year, Lady Barber purchased $23,350,000 of merchandise inventory. The company's selling general, and administrative expenses totaled $5,450,000 for the year. Prepare Lady Barber's income statement for the year. Lady Barber Income Statement For the Year Ended Sales revenues 39217000 Less: Cost of goods sold Gross profit Less: Operating expenses 5450000 Operating income Help Me Solve This Video Get More Help Clear All Check