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Instructions Slapshot Company makes ice hockey sticks and sold 1,820 sticks during the month of June at a total cost of $436,800. Each stick sold
Instructions Slapshot Company makes ice hockey sticks and sold 1,820 sticks during the month of June at a total cost of $436,800. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $64,200. Administrative expense totaled $52,200. Required: Prepare an income statement for Slapshot for the month of June. Refer to the list below for the exact wording of labels or amount descriptions on the income statement Labels Add For the Month of June June 30 Less Selling expenses Amount Descriptions Administrative expenses Commissions Cost of goods manufactured Cost of goods sold Fixed selling expenses Gross margin Operating income Operating loss Purchases Sales revenue Total selling expenses Income Statement Preparinne Porpoint for the one for the sto Lab and Amount Descriptions for each word of Sils on the income Be sure to comment Spot Company noomse Stadt For the Month of June Sales revenue 2 Cost of os sole 3 Co nang 5 Commissions 7 Forced selling expenses Administrative perses Total selling expenses Operating income
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