Instructions The income statement for the Mendelin Corporation is as follows: Revenues Less: Cost of goods sold: $390,000 Beginning inventory $46,000 Purchases 181,000 Ending inventory (34,000) (193,000) Less: Patent amortization (24,000) Advertising (13,000) 4 Depreciation expense (62,000) Wages expense (28,500) Insurance expense (10,700) Bad debt expense (6,000) 17.0001