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Instructions Logan Industries Inc. Income Statement-Solvent For the Month Ended September 30 1 Sales (10,000 units) $800,000.00 2 Cost of goods sold (770,000.00) 3

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Instructions Logan Industries Inc. Income Statement-Solvent For the Month Ended September 30 1 Sales (10,000 units) $800,000.00 2 Cost of goods sold (770,000.00) 3 Gross profit $30,000.00 4 Selling and administrative expenses (100,000.00) 5 Operating loss $(70,000.00)

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