In A Holderness Incorporated, a merchandising company, had sales of $246,000, selling expenses of $16.500, and administrative expenses of $27500. The cost of tierchandise purchased during the month was $160,000. The beginning balance in the merchandise Inventory account was $36,500 and the ending balance was $50.500 Required: Prepare a traditional format income statement for April Holderness incorporated For the month of Apr Traditional Format Income Statement 0 Seting and administrative penses Sonido Adesivo